Diamond Power Infrastructure Ltd receives LOI for orders worth Rs. 230.26 crores

Diamond Power Infrastructure Limited has received a letter of intent from (1) Rajesh Power Services Limited for their project under Dakshin Gujarat Vij Company Limited worth Rs. 1,50,98,65,000/- and (2) Adani Electricity Mumbai Limited worth Rs. 79,27,80,051/- for supply of Power Cables.

Diamond Power Infrastructure Limited (DPIL) is India's One of the Largest single location Cables and Conductors Manufacturers of India with a consolidated turnover of INR 343 cr.(FY 2023-24) DPIL is India's Single Largest Single Location Power Cables and Conductors manufacturer having 5 CCV lines and an Installed capacity of 2,50,000 MT p.a. of Conductors, the company is at the forefront of providing Robust, innovative, energy efficient products to a diverse set of customers.

DPIL was acquired through the NCLT process by GSEC-Monarch Group, DPIL's business operations span across India with a large Manufacturing plant at Vadodara admeasuring 110 acres, the company is in phases recommissioning its production facility and expected to complete the process by September, 2025. DPIL has also served customers in 12+ countries globally. DPIL's 1000+ employees including workers are dedicated to upholding robust governance practices, preserving a customer centric culture, having a purpose to serve the communities, and imbibing a genuine sense of ecological consciousness, company's products are certified for EPD and Product Lifecycle.

Source : Equity Bulls

Keywords

DiamondPowerInfrastructure LOI OrderWin RajeshPowerServices AdaniElectricityMumbai