Kay Cee Energy & Infra Ltd is a specialist contractor that builds the high-voltage backbone carrying electricity across India - the transmission lines and substations that move power from where it’s generated to where it’s used. Founded in 2015 in Kota, Rajasthan, by a first-generation electrical engineer with nearly three decades of hands-on experience, the company has quietly strung more than 500 projects across voltages up to 765 kV for clients like Power Grid Corporation and Indian Railways. The recurring approach is simple: stay deep in one craft, own the machinery and the people, and let the country’s electrification spend pull the business forward.
Business segments
A single engine with three reinforcing layers - a core EPC contracting business, a wrap-around maintenance and emergency-restoration service, and an early-stage manufacturing push that will feed the core - all anchored in power transmission.
1. Transmission & distribution EPC: building the grid, end to end
The company takes a government tender for a high-voltage line or substation, designs it, buys the materials, builds it, tests it, and hands over the keys - earning roughly two-thirds of its contract value from supplying equipment and one-third from erecting it.
- Turnkey from 132 kV to 765 kV - it constructs overhead transmission lines using lattice towers, handling everything from civil foundations and tower erection to conductor stringing and final commissioning, for the Extra High Voltage (EHV) range that forms India’s interstate power highways.
- Underground where overhead won’t work - it lays underground EHV cables as an alternative that is invisible, weather-resilient, and cheaper over the long run because of lower maintenance, and has already done this for railway applications in Rajasthan without a single accident.
- Monopoles for tight city spaces - where traditional lattice towers need too much land, the company designs and erects custom monopoles with a smaller footprint and faster assembly, often used to raise line heights over railways and highways.
- Substations as a single package - it executes the supply, erection, testing and commissioning of switchyards, transformers, and automation panels including SCADA, delivering the nodes where voltage is stepped up or down.
- Government pays, but slowly - public-sector clients like Power Grid and state utilities pay 60% against material supply, with the remaining 40% tied up in retention and receivables until contract closure, plus a 10% performance guarantee, making the business working-capital heavy.
2. Operations, maintenance and emergency restoration: keeping the lights on
Once the lines are built, the company stays to maintain them - and when a tower collapses, it can bypass the damage with a lightweight aluminium temporary structure that goes up faster than anything Indian competitors offer.
- Maintenance across the voltage spectrum - it provides periodic and breakdown maintenance for EHV lines up to 765 kV and testing and periodic maintenance for substations up to 400 kV, covering patrolling, equipment servicing, cleaning, and condition monitoring.
- Aluminium beats steel on speed - the company sources its ERS from Canada in aluminium, which is lighter and faster to install, while Indian competitors use steel versions that are heavier and slower to deploy.
3. Backward integration into manufacturing: making what it used to buy
The company is building two plants in Kota to produce its own hardware, connectors, and eventually transformers - aiming to cut procurement delays and add a percentage point or two to margins, while selling the surplus to other contractors.
- Two plants, staggered rollout - Plant I, purchased in 2018, is 85% complete with offices already operational and ancillary manufacturing expected in FY27; Plant II, purchased in 2021, is under construction and targeted for full-fledged manufacturing readiness by September 2026.
- From connectors to transformers - the facility will make hardware, connectors rated up to 765 kV, bird diverters, substation structures, and electrical panels, with plans extending to CTs, CVTs and transformers.
- Margin uplift, modest but real - management estimates that making its own components could improve profit-after-tax margins by roughly 1% to 2% on a conservative basis, and potentially 2% to 3%, by shrinking the purchased-material bill.
- A conductor and transformer DPR in the works - the company is preparing a Detailed Project Report for a conductor plant and a transformer plant, with a planned capital outlay of ₹7 crore to ₹10 crore for the transformer study alone.
Group structure and partners
A founder-led, debt-financed standalone contractor with a newly acquired renewable-energy subsidiary that has yet to start operations, and strategic tie-ups for bidding on larger projects.
- Promoter Lokendra Jain holds just under 69% of the equity, with his wife Shalini Jain holding another 1%, making it a tightly held promoter entity listed on the NSE Emerge platform since January 2024.
- The company has no holding company and, until FY25, had no subsidiaries; it then formed a 50:50 joint venture with Josts Engineering for renewable EPC, and in March 2026 bought out the partner’s stake to make it a wholly owned subsidiary - though the unit had nil turnover and had not commenced operations as of March 2025.
- For large or complex bids, it collaborates with Sterlite Power Transmission and Jost Engineering to pool capabilities and pursue projects bigger than its standalone ₹200 crore execution capacity.