Rs 496 Crore Order Book: Power Cable Company Receives New Order Worth Rs 39,03,28,457 From Rajasthan Rajya Vidyut Prasaran Nigam Ltd
The stock is up by 39.8 per cent from its 52-week low of Rs 157.20 per share.
Kay CEE Energy & Infra Limited has announced that it has been awarded a new work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited. The announcement, dated April 19, 2025, was made to the National Stock Exchange of India Limited. The work order pertains to the establishment of an Emergency Response Team for the maintenance of EHV (Extra High Voltage) Lines under the RVPN Transmission System. The total value of this work order is Rs 39,03,28,457, which includes GST.
According to the company, this order is for a duration of 60 Months from the date of the letter of acceptance. Kay CEE Energy & Infra Limited stated that neither the promoter nor promoter group or group companies have any interest in the entity that awarded the order. The company also confirmed that this order does not fall under related party transactions.
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About the Company
Kay Cee Energy & Infra Ltd, a leading player in the power sector, specialises in EPC projects for transmission and distribution systems. Established in 2015, the company has a strong track record of working with government entities like RRVPNL. To further enhance its capabilities and reduce reliance on external suppliers, Kay Cee Energy & Infra Ltd is establishing its first manufacturing facility in Rajasthan. This strategic move will enable the company to manufacture key components for its EPC projects, ensuring greater control over quality, supply chain management, and project execution.
As of January 31, 2025, the company's order book stands at Rs 496 crore. With a strong clientele base that includes prestigious organisations like Rajasthan Rajya Vidyut Prasaran Nigam Limited, Power Grid Corporation of India Limited and L&T, Kay Cee Energy & Infra Ltd is well-positioned to contribute significantly to the growth and development of India's power infrastructure. The company has a market cap of Rs 241 crore with a PE of 27.5x, an ROE of 20 per cent and an ROCE of 23 per cent. The stock is up by 39.8 per cent from its 52-week low of Rs 157.20 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.