DICABS wins Rs 195.48 crore cable orders for PGVCL Gujarat projects
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 1.0 pts more than Nifty Microcap 250 and 1.7 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Diamond Power Infrastructure (DICABS) received two purchase orders worth Rs 195.48 crore (basic, excluding GST) from Rajesh Power Services for about 1,370 km of 11 kV medium voltage underground power cables. Cables are to be supplied for PGVCL, a Gujarat state power utility, under its Disaster Management (SDMF) and Urban Underground programmes in coastal Gujarat. Orders to be executed over the next 12 months. Values are at base prices with IEEMA-linked variation. Payment terms are 100 percent within 30 days of invoice.
Large order from a state government utility boosts order book visibility for the next 12 months and reinforces DICABS leadership in the medium voltage cable segment.