Diamond Power Infrastructure Ltd. Commissions 8th MV/EHV Power Cable Line, Boosts Capacity by 150 kms per Month
Diamond Power Infrastructure Ltd. has successfully commissioned its eighth MV/EHV Power Cable Production Line at its advanced manufacturing facility located in Vadodara, Gujarat. This expansion reflects the company's ability to meet growing industry demand.The commissioning of this new line marks a significant step in the company’s infrastructure growth. The investment into this capacity addition totaled Rs 30 cr and was financed entirely through internal accruals. The primary rationale cited for the expansion is the increasing demand for the product within the market.
The operational update provides key details regarding the current and future capacity profile of Diamond Power Infrastructure Ltd. This strategic move enhances the company's production capabilities in the power cable segment.
| Particulars | Details/Information |
|---|---|
| Existing Capacity | 1050 kms per month |
| Present Capacity Utilization | 60% |
| Proposed Capacity Addition | 150 kms per month |
| Period of Commissioning | Commissioned |
| Invested Amount | Rs 30 cr |
| Mode of Financing | Internal accrual |
DIACABS Stock Price Movement
Shares of Diamond Power Infrastructure Limited are shedding value as of 1:36 PM, slipping 2.53% in live trading to trade at ₹189.72 after falling ₹4.93 from the previous session's close. This movement takes place amidst heavy activity, with the stock seeing over 1.61 million shares traded so far during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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