Kay Cee Energy & Infra Limited, a market leader in the power segment, has recently received an order of ₹54.2 million. This is part of the company's consistent attempt to strengthen its market presence in the engineering, procurement, and construction (EPC) division of power transmission and distribution networks.
Important Points:
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Order Details: The order consists of large-scale projects, such as the operation and maintenance of 132 kV substations, showcasing the company's proficiency in undertaking high-power infrastructure projects.
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Joint Ventures: Kay Cee Energy & Infra has entered into a strategic joint venture with Josts Engineering Company to tap renewable energy prospects, further reinforcing its expertise in the EPC space.
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IPO Success: The recent IPO of the company was a huge success, with shares listing at a 366.67% premium on the NSE SME platform, reflecting confidence among investors.
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Market Performance: Up to recent reports, the stock of Kay Cee Energy & Infra has posted considerable growth, posting a significant rise from its 52-week low. The strong order book and strategic collaborations of the company make it well set for future growth in the power business.
Source: Moneycontrol, DSIJ, NSE