Diamond Power Infrastructure is currently trading at Rs. 52.35, up by 0.85 points or 1.65% from its previous closing of Rs. 51.50 on the BSE.
The scrip opened at Rs. 53.50 and has touched a high and low of Rs. 53.50 and Rs. 52.00 respectively. So far 3207 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.25 on 21-May-2013 and a 52 week low of Rs. 28.99 on 22-Aug-2013.
Last one week high and low of the scrip stood at Rs. 54.90 and Rs. 48.90 respectively. The current market cap of the company is Rs. 257.96 crore.
The promoters holding in the company stood at 40.20% while Institutions and Non-Institutions held 14.13% and 45.67% respectively.
Diamond Power Infrastructure has commissioned Phase I of the expansion project located at Vadodara district that will add 3000 Kms of MV Cables and 50,000 MTPA of Conductors. The plant will go into commercial production on February 01, 2014. With the commissioning of the expansion project, the company will be able to consolidate its position in the market and generate additional revenue of Rs 75 crore per month from this facility.
The company is building one of the largest Cables and Conductors facilities at Phase II, Vadadala village, Vadodara district in state of Gujarat at an estimated cost of Rs 753 crore. The project, which will have a capacity to produce additionally 7500 Kms of MV Cables and 200,000 MTPA of Conductors & a backward integration to Product Compounds/ Polymers and Steel Wires required for both Cables and Conductors, which is expected to be fully commissioned in June 2014 in three phases.
Diamond Power Infrastructure is engaged in five business verticals--cables (low, high and extra high voltage), conductors, transformers, towers and various EPC projects-- where it undertakes planning, designing and commissioning of turnkey transmission and distribution projects.
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| Finolex Cables | 943.60 |
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