Infra stocks increased by 3% after signing a contract from RVNL for the transmission line project
Major energy equipment companies guarantee significant work orders from RVNL to modify two additional high voltage transport lines. The contract is evaluated as RS. It emphasizes the company’s expertise in 3.89 CRORE, electrical infrastructure project, and indicates the potential growth of the transmission ability of the renewable energy sector.
Stock price
Stock price Kay Cee Energy & Infra limited 3.43 % increased In RS. Increased 364 per share on Friday, with the closure of previous RS. 351.90 per week. The market cap is now in RS. 382.50 As of January 24, 2025.
Recent update
Kay Cee Energy & Infra RVNL For modifications 2 extra high voltage (EHV) transmission line (132kV & 220kV). This includes changes in railroad KM 985 and 979 due to the construction of additional railroad tracks of RVNL in the MalkHedi-Mahadevkhedi section. The contract value is RS. 3.89 crore.
Financial highlights
In FY2024, the company reported RS’s sales. 64.47 crore, A 5.5% RS growth. 61.09 Croar of FY2023. Increased profits 13.3%Rising from RS. RS in 5.78 FY2023. FY2024’s 6.55 croch.
Also read… …
competitor
Kay Cee Energy & Infra competitors L & T, Ashoka BuildCon, GR Infraprojects, PNC InfraTech, HG Infra Engineering, Kalpataru Projects International and KNR Constructions, Specialized in all infrastructure projects.
Kay CEE ENERGY & INFRA has 44.04 P/E.This is an industrial P/E of 23.75.
Market outlook
The electrical machinery industry grows steadily and is caused by strong demand for transmission, distribution and generating equipment. Generation equipment has grown from FY12–22 to 12.7%CAGR. Exports, along with boilers, wire and cables, have increased to $ 3.9 billion in 14 times.
The government supports this sector with 100% FDI, De-Licensing Policy and Technology Development Plan through the EESDC to ensure the promising future of the industry.
Fazal UL VAAB CH
disclaimer
The opinions and investment tips expressed by Tradebrains.in’s investment experts/broking houses/grade agencies are not for websites or management. If you invest in stocks, there is a risk of financial loss. Therefore, investors should pay attention to investing or trading in stocks. Dailyraven Technologies or the author are not responsible for losses due to the results of the decision based on this article. Please contact investment advisor before investing.
Start your stock market today!
Do you want to learn stock market trading and investment? Check out the exclusive stock market of Fingrad, a learning initiative of Trade Brains. Today you can register for free courses and web seminars available in FINGRAD. Sign up now !!
