The shares of the facility tools producer gained as much as 4 % after the corporate bagged two letters of intent from Rajesh Energy Providers Restricted and Adani Electrical energy Mumbai Restricted value Rs 230 crore.
Worth Motion
With a market capitalization of Rs 5,192.77 crore, the shares of Diamond Energy Infrastructure Ltd have been buying and selling at Rs 98.54 per share, growing round 2.24 % as in comparison with the earlier closing worth of Rs 96.38 per share.
Motive for Rise
The shares of Diamond Energy Infrastructure Ltd have seen bullish motion after securing two letters of intent from Rajesh Energy Providers and Adani Electrical energy Mumbai. The contracts contain supplying XLPE aluminum armored HT cables and various HT cable sizes on a DAP foundation for Adani Electrical energy’s Mumbai distribution mission. The mixed order worth stands at Rs 230 crore.
Additionally learn: Jubilant FoodWorks Eyes Speedy Growth and New Tech with Robust Income Progress
Monetary Progress
Trying ahead to the corporate’s monetary efficiency, income magnified by 412 % from Rs 59.96 crore in Q3FY24 to Rs 307.42 crore in Q3FY25, Additional, throughout the identical time-frame, internet revenue zoomed from a lack of Rs 5.28 crore to a revenue of Rs 6.27 crore.
Distinguished shopper base
Diamond Energy Infrastructure Ltd has sturdy shoppers base which embrace main names like ArcelorMittal Nippon Metal India, JSW Renewables, CleanMax, Serum Institute of India, ACME Photo voltaic, Capital Electech, Servo Tech Electricals, and Ashoka Buildcon, reflecting a powerful and various industrial clientele throughout metal, power, prescription drugs, infrastructure, and electrical sectors.
Manufacturing Capacities
Diamond Energy Infrastructure Ltd boasts sturdy manufacturing capacities with 34,300 KMPA for Low Voltage (1.1 kV) cables, 19,500 KMPA for Excessive Voltage (as much as 132 kV) cables, and a pair of,000 KMPA for Additional Excessive Voltage (220 kV and above) cables, underscoring its sturdy manufacturing capabilities throughout various voltage ranges.
Firm Profile
Diamond Energy Infrastructure Restricted is an India-based producer of energy transmission tools. The Firm is engaged within the manufacturing and sale of conductors, cables, and transmission towers. The Firm operates within the Transmission and Distribution of Energy (T&D) associated enterprise section.
Written by Abhishek Singh
Disclaimer
The views and funding ideas expressed by funding specialists/broking homes/score companies on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of economic losses. Buyers should subsequently train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the creator will not be chargeable for any losses induced because of the choice primarily based on this text. Please seek the advice of your funding advisor earlier than investing.
