The Micro-Cap company, specializing in providing mobile telecommunications services, including voice, data, and digital solutions, hit a 2 percent upper circuit upon receiving a new work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited, for Rs. 16.01 crore.
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Price action
With a market capitalization of Rs. 410.08 crores on Monday, the shares of Kay Cee Energy & Infra Ltd (NSE:KAYR) hit a 2 percent upper circuit, making a high of Rs. 247.05 per share compared to its previous closing price of Rs. 242.25 per share.
What Happened
Kay Cee Energy & Infra Limited, in joint venture with Josts Engineering Company, has received a work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited for the construction of 35 33 KV RDSS Bays and 8 33 KV Bus Extensions at various grid sub-stations.
The project, valued at Rs. 16.01 crore (including GST), is to be completed within 10 months. The work includes design, supply, installation, and commissioning on a turnkey basis. This order is a significant step in enhancing regional power infrastructure.
About the Company
Kay Cee Energy & Infra Private Limited, formerly Kay Cee Electricals, originated in 1996 as Lokendra Jain’s proprietorship firm. In 2015, it transitioned into a private limited company, expanding its scope in energy and infrastructure solutions, showcasing remarkable growth and adaptability in the dynamic market landscape.
Services and Capacity
The company offers end-to-end EPC services for power transmission and distribution systems, covering both overhead and underground lines, as well as substation construction and automation. It is equipped to handle the operation and maintenance of substations up to 400 kV and EHV lines up to 765 kV, including emergency restoration systems for fault repairs.
Growth Plans
The company aims to strengthen its position as a fully integrated EPC provider by establishing a dedicated manufacturing unit to produce key materials used in EPC contracts. This includes line and substation hardware, clamps, connectors, bird flight diverters, structural components for substations and solar plants, and electrical panels.
Financials
According to its recent financial updates, Eternal Ltd reported remarkable consolidated revenue of Rs. 5,405 crores in Q3 FY25, marking a 57 percent increase from Rs. 24.13 crores in H1 FY24. In addition, the company saw a significant surge of 80 percent in net profit to Rs. 5.00 crores, compared to Rs. 2.79 crores in the same period last year.
Written by Sridhar J
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