Power stock engaged in providing services for the construction and commissioning of electricity transmission, distribution systems, and many others hit a 5 percent upper circuit in the day’s trade upon receiving work orders worth ~Rs. 12.80 Crores from RVPNL.
Price Action
With a market capitalization of Rs. 346 Crores, the shares of Kay Cee Energy & Infra Limited hit a 5 percent upper circuit at Rs. 315.50 per equity share, from its previous day’s close price of Rs. 300.50.
What Happened
Kay Cee Energy & Infra Limited engaged in providing services for the construction and commissioning of electricity transmission and distribution systems has received a new work order from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) for a consideration of ~Rs. 12.80 Crores.
It involves Shifting / Undergrounding of 132kV Basni – NPH line passing through the campus of AIIMS, Jodhpur with 630 sq. mm, 132kV XLPE cable system on D/C monopole including detailed route survey, laying and installation of cable and monopole along with associated accessories/items and civil works.
About the Company
Kay Cee Energy & Infra Limited is engaged in the business of providing services for the construction and commissioning of electricity transmission and distribution systems by undertaking engineering, procurement, and construction (EPC) works.
Recent JV
The Board of Directors of Kay Cee Energy & Infra Limited has considered and approved the formation of a Joint Venture company between the Company and Jost’s Engineering Company Limited to execute EPC Projects in the Power sector and to do business in the Renewable energy sector.
Financials and Ratios
Its revenue from operations grew by 57 percent from Rs. 24.13 Crores in H1FY24 to Rs. 37.86 Crores in H1FY25, accompanied by profits of Rs. 2.79 Crores to Rs. 5 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 17.65 percent and a return on capital employed (ROCE) of 19.66 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.61.
Written by: Bharath K.S
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