Diamond Power Infrastructure secures large orders

Thursday, Nov 26, 2009

Diamond Power Infrastructure Ltd had setup high voltage cables plant with a capacity to make 2800 kms per annum upto 132 kv voltage class in Savli, Vadodara in June 2008. During the last 12 months, the company has executed various prestigious orders from this plant.

The company is pleased to announce the receipt of its largest order ever in the High Voltage Class, wherein the company has to supply 300 kms of 33 KV Class power cables.

The company has invested in its subsidiary, Diamond Power Transformers Ltd. to manufacture Power Transformers. The company is pleased to inform the receipt of 14 Nos of 220 KV class Power Transformers.

With the recepit of these orders the company's order book position stands at Rs 1050 crores.

The stock was trading at Rs.179, down by Rs.1.10 or 0.61%. The stock hit an intraday high of Rs.183.45 and low of Rs.175.60.

The total traded quantity was 39583 compared to 2 week average of 23765.

Source: Equity Bulls