Infra stock jumps 3% after receiving contract from RVNL for transmission line project


A leading energy equipment company secures a significant work order from RVNL for modifying two extra high-voltage transmission lines. The contract, valued at Rs. 3.89 crore, highlights the firm’s expertise in electrical infrastructure projects and signals potential growth in the renewable energy sector’s transmission capabilities.

Share Price Movement 

The share price of Kay Cee Energy & Infra Limited went up 3.43 percent to Rs. 364 per share on Friday, an increase from its previous close of Rs. 351.90 per share. The market capitalisation now stands at approximately Rs. 382.50 crore as of January 24, 2025.

Recent Update 

Kay Cee Energy & Infra has received a work order from RVNL for the modification of two Extra High Voltage (EHV) Transmission Lines (132kV & 220kV). This includes the shifting of Railway km 985 and 979 due to the construction of an additional railway track by RVNL in the Malkhedi-Mahadevkhedi section. The contract value is Rs. 3.89 crore.

Financial Highlights 

In FY2024, the company reported revenue of Rs. 64.47 crore, a 5.5% growth from Rs. 61.09 crore in FY2023. Profits increased by 13.3%, rising from Rs. 5.78 crore in FY2023 to Rs. 6.55 crore in FY2024.

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Competitors 

Competitors of Kay Cee Energy & Infra include L&T, Ashoka Buildcon, G R Infraprojects, PNC Infratech, H.G. Infra Engineering, Kalpataru Projects International, and KNR Constructions, all specialising in infrastructure projects.

Kay Cee Energy & Infra has a P/E of 44.04, which is more than the industry P/E of 23.75.

Market Outlook 

The electrical machinery industry is growing steadily, driven by strong demand for transmission, distribution, and generation equipment. Generation equipment has grown at a CAGR of 12.7% from FY12–22. Exports rose to $3.9 billion in FY14, with boilers, wires, and cables leading the growth.

The government supports the sector with 100% FDI, de-licensing policies, and plans for skill development through the Electrical Equipment Skill Development Council (EESDC), ensuring a promising future for the industry.

Written By Fazal Ul Vahab C H

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