Latest news with #KayCeeEnergy&Infra
Business Standard
12-06-2025
- Business
- Business Standard
Kay Cee Energy & Infra hits the roof on securing Rs 28 cr transmission order from RVPN
Kay Cee Energy & Infra hit an upper limit of 2% to Rs 293.25 after the firm has bagged work order worth Rs 28.37 crore from Rajasthan Rajya Vidyut Prasaran Nigam (RVPN) for construction of various transmission elements. The order involves two major transmission line relocation projects linked to the construction of the Greenfield Airport in Kota under deposit work from the Kota Development Authority (KDA). The first involves the shifting of the existing 220 kV double-circuit SakatpuraMandalgarh and PGCIL Bhilwara transmission lines. This includes the construction of a new 15 km line and dismantling of approximately 11 km of the existing line on a turnkey basis. The second component pertains to the shifting of the existing 400 kV single-circuit PGCILAnta line using Twin Moose Conductor, which involves constructing a new 5 km line and dismantling about 5.5 km of the current line, also on a turnkey basis. Both projects are to be executed by RVPNL. The total value of the contract is Rs 28.37 crore (Rs 28,37,86,003.86 including GST), and the project is to be completed within a period of 15 months from the date of issue of the letter of acceptance. The company has clarified that neither the promoter, promoter group, nor any group companies have any interest in RVPNL, the awarding entity. Additionally, the order does not fall under the ambit of related party transactions. Kay Cee Energy & Infra is engaged in the business of Engineering, Procurement and Construction business and ancilary operations and maintenance services relating to infrastructure interalia products, projects and systems and related activities for power transmission and distribution sector. The companys standalone net profit soared 160.5% to Rs 17.06 on 136.8% rise in revenue from operations to Rs 152.68 crore in FY25 over FY24.
Business Standard
26-04-2025
- Business
- Business Standard
Josts Engineering JV wins contract from Rajasthan Rajya Vidyut Prasaran Nigam
Josts Engineering Company in joint venture with Kay Cee Energy & Infra has received Letter of Award (LOA) from Rajasthan Rajya Vidyut Prasaran Nigam for Construction work of 35 Nos. 33 KV RDSS Bays along with 8 Nos. with 33 KV Bus Extension at various Grid Sub Stations (GSS) under three Transmission & Construction (T & C) circles on Turnkey basis under the subject BN 9018002435. The total Contract value is Rs. 16 crore (approx.) (inclusive of GST and all taxes). The Contract will be executed in an equal 50:50 JV between Josts Engineering Company and Kay Cee Energy & Infra.
Mint
25-04-2025
- Business
- Mint
Small-cap NSE SME stock hits upper circuit after THIS fundraise
Stock Market Today- Small-cap NSE SME stock hit upper circuit in morning trades on Friday on the National Stock Exchange after it announced the fundraise update. Kay Cee Energy & Infra said it has raises ₹ 2502.72 Lakhs in Qualified Institutional Placement (QIP). Kay Cee Energy & Infra announced that it has successfully raised ₹ 2502.72 through its first-ever Qualified Institutional Placement (QIP). The QIP was launched by Kay Cee Energy & Infra on April 21, 2025, and closed on April 24, 2025. The QIP saw significant interest from both domestic and international investors, underscoring strong confidence in the company's strategic vision and market position, said the company The main business of Kay Cee Energy & Infra Limited is to supply various government agencies and private organizations with specialized services related to the construction and commissioning of power transmission and distribution systems, including overhead and underground lines, substation construction, automation, etc. Kay Cee Energy & Infra has allocated 12,64,000 equity shares, each with a face value of ₹ 10, to qualified institutional buyers (QIBs) at an issue price of ₹ 198 per share. This pricing represents a discount of approximately 4.85% to the QIP floor price of ₹ 208.10 per share. The QIP was fully subscribed, as per company. Key investors participating in this QIP as per Kay Cee Energy & Infra include Hdfc Bank Limited, Niveshaay Hedgehogs Fund, Shine Star Build Cap Pvt Ltd, Moneywise Financial Services Pvt. Ltd., and Nine Alps Opportunity Fund, amongst others. The proceeds from the QIP will be strategically deployed to accelerate Kay Cee Energy & Infra Limited growth plans. These include funding working capital requirement for the expected rapid growth in the coming years. Commenting on the fund raise, Mr. Lokendra Jain, Chairman and Managing Director said: 'The overwhelming response to our QIP from both domestic and international investors is a testament to their trust in Kay Cee Energy & Infra Limited vision and strategy'. The successful completion of this QIP, as per Jain marks a pivotal moment in the journey. The raised capital will fortify our working capital requirements and ensure to maintain robust growth momentum,added Jain The Book Running Lead Managers (BRLMs) to the QIP issue were GYR Capital Advisors Private Limited. Kay Cee Energy & Infra share price movement Kay Cee Energy & Infra share price opened at ₹ 242.25 on the NSE on Friday. At the time of opening the Kay Cee Energy & Infra share price was 2% higher than the previous days closing price of ₹ 237.50. The level of ₹ 242/25 also was the upper price band of Kay Cee Energy & Infra share price and hence the Kay Cee Energy & Infra shares were locked in the upper circuit Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 25 Apr 2025, 10:59 AM IST
