Diamond Power Infra bags Rs 116.49 cr order for 11 kV cables in Gujarat
DIACABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.8 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Diamond Power Infrastructure (DICABS) bagged orders worth Rs 116.49 crore (incl GST) from Surat-based EPC contractor Polite Powertech for 11 kV XLPE power cables. Covers around 655 km of cables for underground distribution projects in Bhavnagar and Ahmedabad for Gujarat utilities PGVCL and UGVCL. Supply in lots over 12 months; Rs 79.83 crore portion is conditional on Letter of Award from UGVCL. Domestic and non-related party order.
Positive for order book; adds Rs 116.49 cr revenue visibility over 12 months. Conditional Rs 79.83 cr adds some execution risk.