Rs 1,440.10 crore order book: Power cables & conductors company announces recommissioning of its world-class EHV testing laboratory with NABL accreditation
The stock gave multibagger returns of 68,000 per cent in 3 years and a whopping 1,61,340 per cent in 5 years.
Diamond Power Infrastructure Ltd. (DPIL), a prominent Indian manufacturer of power cables and conductors, has announced the recommissioning of its state-of-the-art Extra High Voltage (EHV) Testing Laboratory in Vadodara, Gujarat. This advanced facility underscores Diamond Power's dedication to providing high-quality, reliable, and safe power solutions for India's evolving power sector. The upgraded laboratory is now capable of testing cables and systems up to 400 kV, featuring cutting-edge equipment for High Voltage Partial Discharge (HVPD) testing up to 400 kV, AC High Voltage Testing up to 1000 kVA, Impulse Testing up to 1200 kV / 2400 Kilo Joule, and Heating Cycle Tests. With a robust capacity of 1200 kV / 2400 Kilo Joule, this facility sets a new benchmark in the cable industry, comparable to global testing laboratories.
A significant achievement for DPIL, the EHV Testing Laboratory has received NABL Accreditation, India's highest standard for testing validation and quality assurance. This accreditation confirms the lab's adherence to global testing standards, ensuring the reliability and international recognition of all test results. This milestone substantially strengthens Diamond Power's quality assurance infrastructure and enhances its capacity to support the development and validation of high-performance power transmission systems nationwide. This development is particularly relevant for investors, partners, and clients seeking dependable, certified, and future-ready cable and conductor solutions for high voltage applications, as the lab is also equipped to conduct third-party testing.
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About the Company
Diamond Power Infrastructure Limited (DPIL), headquartered in Vadodara, Gujarat, was formerly a comprehensive provider of power transmission and distribution (T&D) solutions in India. Operating under the "DIACABS" brand, the company manufactured a range of products, including conductors, cables, and transmission towers, in addition to offering EPC services. DPIL maintained a manufacturing facility in Vadodara and boasted a distribution network that covered 16 Indian states. The company's business primarily revolved around the manufacturing of power products and the provision of related services within the power transmission and distribution sector.
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 1,440.10 crore as of the date. The stock gave multibagger returns of 68,000 per cent in 3 years and a whopping 1,61,340 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.