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Mint

Kaynes to keep away from fabs for now, focus on chip facility, says CEO

Kaynes Technology prioritizes assembly over fabrication in the near term, leveraging India's semiconductor incentives to expand its electronics manufacturing services.

The Economic Times

Aditya Agarwala suggests a fresh long position in Bank Nifty; recommends 2 stocks to buy

Aditya Agarwala of Invest4edu suggests initiating a long position in Bank Nifty, targeting 51,700 to 52,000. He also recommends buying Britannia and Apollo Hospitals. While cautioning against Granules, he sees potential in Kaynes Technology. The market remains range-bound with key support at 24,900 and resistance at 25,100. Agarwala also says that one should monitor a trade above 25,100 on a sustained basis for any kind of short-covering rally.

Business Standard

FDC Ltd leads gainers in 'A' group

Kaynes Technology India Ltd, Engineers India Ltd, Mrs Bectors Food Specialities Ltd and Varun Beverages Ltd are among the other gainers in the BSE's 'A' group today, 12 September 2024.

Mint

Kaynes Tech, Cyient DLM, Dixon Tech...Motilal Oswal upbeat on EMS sector, reiterates 'buy' on 6 stocks

Motilal Oswal highlights robust growth in India's EMS sector, predicting a 47% CAGR in revenue by FY26. Despite margin challenges, the industry shows promise with a strong order book and new client onboarding across various sectors.

Business Standard

No funding issue for semicon projects, committed Rs 62K cr incentive: Meity

The government has committed about Rs 62,000 crore in incentives for electronic plants and there is no issue in funding semiconductor projects, Electronics and IT Secretary S Krishnan has said. He told PTI that out of Rs 76,000 crore approved earlier, the government still has scope to accommodate small projects and will approach authorities when there are new projects in place. "Out of the Rs 76,000 crore intended for the semiconductor mission, we have committed about Rs 62,000 crore, including the last scheme which was cleared for Kaynes. As of now, wherever claims have come up, we are settling them with maximum dispatch, and there is no funding issue right now at all," Krishnan said. The government has approved five semiconductor projects entailing investments of around Rs 1.52 lakh crore or about USD 18 billion. He said that some funding is required for the Semiconductor Laboratory's modernization in Mohali. "We still have some funds to take up some smaller projects and approv

The Economic Times

Kaynes Technology shares rally 9% after Union Cabinet gives green light to semiconductor unit

Kaynes Tech Share Price: Kaynes Technology's shares rose by 8.5% after its subsidiary, Kaynes Semicon, received Union Cabinet approval to establish an OSAT facility in Sanand, Gujarat. The project, worth Rs. 3,307 crores, will produce 63 lakh chips daily for various applications, including industrial and automotive sectors. Both the central and state governments will support the investment.

Business Standard

Cabinet approves fifth semiconductor unit in India: Ministry of IT

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with the objective to develop a vibrant semiconductor ecosystem. The proposed unit will be setup with an investment of Rs 3,300 crore. The capacity of this unit will be 60 Lakh chips per day. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.

CNBC TV18

Semiconductor Boost - Kaynes Tech shares up 6% after cabinet nod to chip production unit

By the fourth quarter of financial year 2026, the management expects revenue worth ₹200 crore from the chip unit and expects a ramp up in the topline by financial year 2027.

Business Standard

Cabinet approves Kaynes chip assembly, packaging unit worth Rs 3,307 crore

The unit will have the capacity to produce 6.3 million chips per day

The Economic Times

Union Cabinet approves OSAT proposal of Kaynes Semicon to set up in Sanand

The proposed unit in Sanand, Gujarat, will be set up with an investment of Rs 3,307 crore. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.

Business Standard

Govt approves Kaynes' Rs 3,307 cr semiconductor unit at Gujarat's Sanand

The government on Monday approved a proposal of Kaynes to set up a semiconductor unit in Sanand, Gujarat with 6.3 million chips per day capacity, entailing an investment of Rs 3,307 crore. Announcing the decisions of the Union Cabinet, IT Minister Ashwini Vaishnaw noted that a complete semiconductor ecosystem is coming up in India. "Today, the Cabinet has approved Kaynes' plant, with a capacity of 6.3 million chips per day. The plant will come up in 46 acres, it is a big plant and large portion of the production will go for Kaynes Industries, it has already been booked," the minister said. The plant will also cater to chips related to the power sector. The company has already acquired land in Sanand, Gujarat for the project, and construction will start soon. The proposed investment for the unit is about Rs 3,307 crore. "Power related chips..chips used in automobiles and home appliances, will also be produced in this plant," Vaishnaw said.

The Economic Times

PB Fintech, Kaynes Technology among 6 small & midcap stocks that hit new 52-week highs on Wednesday

Indian benchmark equity indices inched higher on Wednesday, as broad-based profit-taking tempered gains in IT stocks, following softer U.S. producer prices data that indicated cooling inflation.

Business Standard

Ahluwalia Contracts (India) Ltd leads losers in 'A' group

Kaynes Technology India Ltd, BEML Ltd, Wonderla Holidays Ltd and Texmaco Rail & Engineering Ltd are among the other losers in the BSE's 'A' group today, 09 July 2024.

Business Line

CLSA sees opportunity in Railway modernisation projects for Amber, Kaynes, Syrma

CLSA highlights the significant growth potential for electronics manufacturers in India, driven by the government’s ambitious railway projects under Modi 3.0.