Transmission Company in JV with Josts Engineering Bags Order Worth Rs 16,00,99,089.56 from Rajasthan Rajya Vidyut Prasaran Nigam Ltd
The stock is up by 54.3 per cent from its 52-week low of Rs 157 per share.
Kay Cee Energy & Infra Limited, in a joint venture with Josts Engineering Company Limited, has secured a significant work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited. This turnkey project entails the construction of 35 units of 33 KV RDSS Bays along with 8 units of 33 KV Bus Extensions across various Grid Sub-Stations within three Transmission & Construction Circles, identified under the reference number BN-9018002435. The total value of this contract stands at Rs 16,00,99,089.56, inclusive of GST.
This achievement underscores the technical proficiency and robust execution capabilities of the joint venture. The comprehensive scope of work encompasses surveying, supplying all necessary equipment and materials, design, drawing, engineering, erection (including civil works), testing, and commissioning. Expected to be completed within ten months from the issuance of the letter of acceptance, this project, executed through an equal 50:50 partnership, is poised to significantly bolster the power infrastructure within the region, marking a promising collaboration with Rajasthan Rajya Vidyut Prasaran Nigam Limited.
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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 266 crore with a PE of 30x, an ROE of 20 per cent and an ROCE of 23 per cent. The stock is up by 54.3 per cent from its 52-week low of Rs 157 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.