Diamond Power Infrastructure hits upper circuit on securing letter of intent worth Rs 409 crore
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Diamond Power Infrastructure is currently trading at upper limit of Rs. 1263.55, up by 24.75 points or 2.00% from its previous closing of Rs. 1238.80 on the BSE.
The scrip opened at Rs. 1263.55 and has touched a high and low of Rs. 1263.55 and Rs. 1263.55 respectively. So far 1726 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1364.00 on 03-Jul-2024 and a 52 week low of Rs. 22.11 on 18-Sep-2023.
Last one week high and low of the scrip stood at Rs. 1364.00 and Rs. 1238.80 respectively. The current market cap of the company is Rs. 6658.54 crore.
The promoters holding in the company stood at 94.88%, while Institutions and Non-Institutions held 0.03% and 5.09% respectively.
Diamond Power Infrastructure has received a letter of intent from Adani Green Energy worth Rs 409 crore (inclusive GST) for supply of various LV/MV Cables. The work has to be completed within December, 2024 from the date of acceptance.
Earlier, the company had incorporated a wholly owned subsidiary (WOS) by name ‘DICABS Nextgen Special Alloys’ and a Certificate of Incorporation dated June 26, 2024 is issued by the Registrar of Companies, Ministry of Corporate Affairs, Government of India.
Diamond Power Infrastructure (DPIL) has emerged as India’s largest and only integrated manufacturer of power transmission equipment and turnkey services provider (EPC).
