Diamond Power Infrastructure hits upper circuit on getting LoI from M/s Swastika Infra
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Diamond Power Infrastructure is currently trading at upper limit of Rs. 1433.25, up by 68.25 points or 5.00% from its previous closing of Rs. 1365.00 on the BSE.
The scrip opened at Rs. 1430.00 and has touched a high and low of Rs. 1433.25 and Rs. 1430.00 respectively. So far 1526 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1644.95 on 02-Aug-2024 and a 52 week low of Rs. 50.33 on 11-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1433.25 and Rs. 1280.60 respectively. The current market cap of the company is Rs. 7552.81 crore.
The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 0.08% and 9.92% respectively.
Diamond Power Infrastructure has received a letter of intent (LoI) from M/s Swastika Infra, contractor of Madhya Gujarat Vij Company (MGVCL), worth Rs 109.38 crore for supply of 11KV 240 sq. mm XLPE Al 3 core cable for Robust Project under MGVCL Schemes. The said order is to be executed by March, 2025.
Diamond Power Infrastructure (DPIL) has emerged as India’s largest and only integrated manufacturer of power transmission equipment and turnkey services provider (EPC).
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