Latest news with #KaynesCircuitsIndia
Business Standard
05-08-2025
- Business
- Business Standard
Kaynes Technology's arm inks MoU to setup greenfield projects in Tamil Nadu
Kaynes Technology India said that its wholly owned subsidiary, Kaynes Circuits India has entered into a non-binding memorandum of understanding (MoU) with Government of Tamil Nadu to establish manufacturing facilities in Tamil Nadu. Under the MoU, Kaynes Circuits India proposes to invest approximately Rs 4,995 crore over a period of 6 years for the establishment of manufacturing facilities, including greenfield projects and capacity expansions within Tamil Nadu. The MoU is intended to explore the financial incentives and industrial policies available under the Government of Tamil Nadu, as well as any structured assistance packages that may support the proposed investment through subsidies and other financial benefits. The Government of Tamil Nadu, through Guidance, has agreed to provide necessary facilitation and support, including assistance with infrastructure and regulatory clearances, in line with applicable laws and policies. Kaynes Technology India is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 49.96% to Rs 74.61 crore on 33.63% increase in revenue from operations to Rs 673.46 crore in Q1 FY26 over Q1 FY25. The counter fell 1.17% to settle at Rs 6295.90 on the BSE.
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Business Standard
05-08-2025
- Business
- Business Standard
Kaynes Technology rises 3% as arm inks MoU with Tamil Nadu govt; Details
Kaynes Technology India shares rose 3.4 per cent, on Tuesday, August 5, 2025, and logged an intra-day high at ₹6,515 per share on BSE. At 11:20 AM, Kaynes Technology share price was up 2.45 per cent at ₹6,450 per share. In comparison, the BSE Sensex was 0.47 per cent lower at 80,640.29. Why were Kaynes Technology shares in demand? The buying on the counter came after company arm Kaynes Circuits India entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for investment promotion and facilitation. "We wish to inform you that Kaynes Circuits India Private Limited, a wholly owned subsidiary of Kaynes Technology India Limited, has entered into a non-binding Memorandum of Understanding (MoU) on 04th August 2025 with Government of Tamil Nadu for investment promotion and facilitation," the filing read. Under the MoU, Kaynes Circuits India proposed to invest approximately ₹4,995 crore over a period of six years for the establishment of manufacturing facilities, including greenfield projects and capacity expansions within Tamil Nadu. The MoU is intended to explore the financial incentives and industrial policies available under the Government of Tamil Nadu, as well as any structured assistance packages that may support the proposed investment through subsidies and other financial benefits. Kaynes Circuits India is a wholly owned subsidiary of Kaynes Technology India equipped to produce Multilayer PCBs up to 74 Layers, HDI PCBs up to 8 Layers, and Flexible PCBs, supporting critical applications across sectors such as Aerospace, Defence, Artificial Intelligence, Backplanes, Drones, Medical Devices, Telecom Infrastructure, Smartphones, Wearables, Copper Clad Laminate (CCL) manufacturing, designed to produce high-performance laminates suitable for HighFrequency, Radars, and Low Signal loss applications and other advanced electronic domains. Besides, Kaynes Technology in Q1FY26 reported a profit after tax (PAT) of ₹74.6 crore, as compared to ₹50.8 crore a year ago, marking a 47 per cent increase. Consolidated revenue surged 34 per cent year-on-year (Y-o-Y) to ₹673.5 crore during the quarter under review. The same stood at ₹504 crore during the first quarter of the last financial year.
