kaynes technology

Project Likely To Create Over 16K Permanent Jobs

Prime Minister Narendra Modi inaugurated a Rs 3,300 crore semiconductor plant in Sanand, Gujarat. This facility by kaynes technology will produce over 7 lakh chips daily. India is strengthening its position in the global semiconductor supply chain. The nation is committed to self-reliance in manufacturing. This marks a crucial step in India's ambitious plans for the electronics sector.

Prime Minister Narendra Modi inaugurated the Samprati Museum in Gandhinagar. He also launched a Rs 3,300 crore semiconductor plant by kaynes technology in Ahmedabad. This marks a significant step in India's semiconductor sector. The facility is the second such plant in the country. It supports the government's mission to build domestic chip manufacturing capacity

Proceeds from the fresh issue will be used to repay debt, funding capital expenditure for its manufacturing facilities at Mysore and Manesar and for working capital requirements.

Mumbai-based integrated electronics manufacturer kaynes technology is investing Rs 2,800 crore in setting up a semiconductor OSAT (outsourced semiconductor assembly and test) manufacturing and compound semiconductor facility in Telangana.

The company has cut the fresh issue size to Rs 530 crore from Rs 650 crore planned earlier. Besides, there would be an Offer For Sale (OFS) of up to 55.85 lakh equity shares by a promoter and an existing shareholder.

The issue kicked off for subscription on Thursday, November 10 and closed on November 14. The IPO was subscribed over 34 times on the last day of bidding.

Motilal Oswal recommends kaynes technology, projecting substantial revenue growth driven by new orders and expansion across key sectors, targeting USD 1B revenue by FY28. Marico reported strong Q4FY25 revenue growth, expecting double-digit growth in FY26, fueled by pricing and strong performance in key segments, maintaining a positive margin outlook.

CG Power’s semiconductor project will focus on integrated circuits used in industrial and automotive applications. The project will be implemented in two phases and could eventually reach a capacity of about 15 million chips per day once fully operational. With multiple projects progressing simultaneously, Chandak said India is expected to strengthen its role in the global semiconductor ecosystem in the coming years.

Stock market recommendations:Motilal Oswal Financial Services recommends Home First Finance and Kaynes as top stock picks for the week starting June 16, 2025. HomeFirst is focusing on emerging states and leveraging technology, expecting lower borrowing costs and NIM expansion. Kaynes Technologies is expanding into high-tech sectors, targeting USD 1 billion revenue by FY28 with significant growth in revenue, EBITDA, and PAT.

On March 13, 2013, India had to destroy its nuclear-ready cruise missile Nirbhay which was on its first flight trial.

On March 13, 2013, India had to destroy its a nuclear-ready cruise missile ‘Nirbhay’ during its first flight trial after it deviated from its intended course, creating fear.