Diamond Power Infrastructure gains on receiving first EHV Cables orders

03 Jan 2012

Diamond Power Infrastructure is currently trading at Rs. 87.20, up by 1.50 points or 1.75% from its previous closing of Rs. 85.70 on the BSE.

The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 88.95 and Rs. 86.00 respectively.

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. 88.95 and Rs. 78.50 respectively. The current market cap of the company is Rs. 301.00 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 received orders aggregating 35 kms for extra high voltage (EHV) Cables for ratings of 66.132 & 220 kv.

The company has made an investment of Rs 85 crore to set up India's most modern & World class EHV power cables plant with support from global supplier Malliefer. The receipt of these orders has opened the gate for the most lucrative business of cables industries i.e. EHV Cables from the company.

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.    

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Diamond Power Infra Share Price

0.97 0.04 (4.30%) Jul 03, 18:01
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SEBI Registered: Investment Adviser - INA000013323
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