Diamond Power Infrastructure moves up on receiving LoI worth Rs 71.46 crore
Diamond Power Infrastructure is currently trading at Rs. 94.91, up by 0.53 points or 0.56% from its previous closing of Rs. 94.38 on the BSE.
The scrip opened at Rs. 93.07 and has touched a high and low of Rs. 95.60 and Rs. 93.00 respectively. So far 7178 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 193.58 on 21-Oct-2024 and a 52 week low of Rs. 74.66 on 02-May-2024.
Last one week high and low of the scrip stood at Rs. 102.46 and Rs. 93.00 respectively. The current market cap of the company is Rs. 4949.84 crore.
The promoters holding in the company stood at 90.00%, while Institutions and Non-Institutions held 0.04% and 9.96% respectively.
Diamond Power Infrastructure (DPIL) has received a letter of intent (LoI) from Adani Electricity Mumbai worth Rs 71.46 crore basic value for supply of Assorted sizes of LT Cable on DAP basis at Adani Electricity Mumbai (AEML) Mumbai / DTPS Stores (Site) for Mumbai Distribution Business (Project). The order has been awarded on Kms rate basis with PV Formulae. The said order is expected to be executed by March 2026.
Diamond Power Infrastructure (DPIL) was incorporated in 1992 having its registered office in Vadodara, Gujarat. The company is engaged in manufacturing & selling of conductor, cables and transmission towers.
