Diamond Power Infrastructure soars on bagging LoI worth Rs 236.71 crore
Diamond Power Infrastructure is currently trading at Rs. 154.15, up by 3.90 points or 2.60% from its previous closing of Rs. 150.25 on the BSE.
The scrip opened at Rs. 154.15 and has touched a high and low of Rs. 154.15 and Rs. 152.60 respectively. So far 2993 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. 81.00 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 154.45 and Rs. 141.55 respectively. The current market cap of the company is Rs. 7917.74 crore.
The promoters holding in the company stood at 84.02%, while Institutions and Non-Institutions held 1.41% and 14.57% respectively.
Diamond Power Infrastructure has received a letter of intent (LoI) worth Rs 236.71 crore (including tax) from Adani Energy Solutions for supply of 5403 KM AL-59 Zebra Conductor for Jamnagar Project. The order is to be executed by June 30, 2026.
Diamond Power Infrastructure was incorporated in 1992 having its registered office in Vadodara, Gujarat. The company is engaged in manufacturing & selling of conductor, cables and transmission towers.
