Divine Power Energy Completes Payment for Specialized Machinery for CTC Production Line
Divine Power Energy Limited has announced the successful completion of payments related to specialized production machinery intended for establishing a Continuously Transposed Conductor (CTC) line. The procurement is set to significantly bolster the manufacturing capacity of its subsidiary, Vimlesh Industries Private Limited, which focuses on winding wires and strips.The purchase, originally disclosed in December 2025, covered essential equipment, auxiliary apparatus, and necessary technical support required for setting up the CTC production facility at the company's unit.
In adherence to the revised Proforma Invoice received from the overseas supplier dated May 7, 2026, Divine Power Energy Limited finalized the total contract value of CNY 12,902,652 (Chinese Yuan). The payment structure involved a substantial deposit followed by the recently completed balance transfer.
The financial status of the machinery procurement is detailed below:
| Financial Metric | Amount (CNY) |
|---|---|
| Total Contract Value | 12,902,652 |
| Deposit Previously Remitted | 8,189,843 |
| Balance Recently Remitted | 4,712,809 |
The remittance of the balance amount, CNY 4,712,809, concludes the payment obligation under the agreement. The completed payments are designed to facilitate the manufacturing, dispatch, and subsequent delivery of the machinery according to the agreed contractual timeline. Apart from the adjustment in commercial value and settlement currency reflected in the revised Proforma Invoice, the nature and purpose of the transaction remain consistent with previous disclosures made.
DPEL Stock Price Movement
Divine Power Energy Limited rallied on Friday, with shares closing at ₹580.05 after climbing 1.11%. Trading 43,000 shares during the session, the stock demonstrated significant strength, testing highs near its 52-week peak.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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