Penny Stock Under Rs 100: Cables & Conductors Company Bags Orders Worth Rs 230,26,45,051 From Rajesh Power Services Ltd & Adani Electricity Mumbai Ltd
The stock gave multibagger returns of 50,500 per cent in 3 years and a whopping 1,60,000 per cent in 5 years.
Diamond Power Infrastructure Limited (DPIL) has secured letters of intent for power cable supply from two entities: first, Rajesh Power Services Limited for their project under Dakshin Gujarat Vij Company Limited, valued at Rs 1,50,98,65,000; and second, Adani Electricity Mumbai Limited, with an order worth Rs 79,27,80,051. The first order involves the supply of XLPE aluminium-armed HT Cable, while the second is for assorted sizes of HT Cable to be delivered on a DAP basis at Adani Electricity Mumbai Limited's Mumbai/DTPS Stores for their Mumbai Distribution Business. Both orders are from domestic entities, with the first's delivery schedule contingent on DGVCL approval and the second slated for completion by March 2026. The purchase orders for both are based on a "Kms rate" basis with PV Formulae.
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About the Company
Diamond Power Infrastructure Limited (DPIL) is a veteran in India's cables and conductors’ industry, boasting a strong foothold as one of the nation's fastest-growing Fast Moving Electrical Goods (FMEG) companies. With a consolidated turnover of Rs 343 crore, DPIL holds the distinction of being India's largest single-location power cables and conductors manufacturer, operating five Continuous Casting and Rolling (CCV) lines and possessing an installed capacity exceeding 250,000 MTPA for conductors. The company is at the forefront of delivering robust, innovative, and energy-efficient solutions to a diverse clientele.
The shares of the company's ex-traded stock split from a face value of Rs 10 each into 10 equity shares of face value of Re 1 each. The ex-date for the stock split was December 03, 2024. The outstanding order book position of the company stands at Rs 1,100 crore as of the date. The stock gave multibagger returns of 50,500 per cent in 3 years and a whopping 1,60,000 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.