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Diamond Power Infrastructure skyrockets on buying 6.3 MW Windmills

02 Jan 2012

Diamond Power Infrastructure is currently trading at Rs. 85.80, up by 4.40 points or 5.41% from its previous closing of Rs. 81.40 on the BSE.

The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 83.20 and Rs. 79.55 respectively. So far 2246 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.45 on 03-Jan-2011 and a 52 week low of Rs. 74.10 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 87.90 and Rs. 78.50 respectively. The current market cap of the company is Rs. 309.56 crore.

The promoters holding in the company stood at 40.20% while Institutions and Non-Institutions held 17.57% and 42.23% respectively.

Diamond Power Infrastructure has acquired 6.3 MW Windmills near Kandla, Gujarat from SUZLON Energy. The company has took this decision as after commencement of the wind power capacity company’s power bills will get setoff and will result in large tax break. This is company's green initiative, which is focusing on alternate sources of energy to meet its energy demand.

Diamond Power Infrastructure is engaged in the manufacture of various types of aluminium conductors, low-tension (LT) and high-tension (HT) power cables, transmission towers and transformers (through its subsidiaries). This makes the company one of the largest integrated power transmission and distribution (T&D) equipment manufacturers and service providers.

Related Diamond Power Infrastructure Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323