Penny Stock Under Rs 100: Cables & Conductors Company Bags Orders Worth Rs 71,46,41,200 From Adani Electricity Mumbai Ltd

The stock gave multibagger returns of 50,000 per cent in 3 years and a whopping 1,57,900 per cent in 5 years

Diamond Power Infrastructure Limited announced the receipt of a significant letter of intent from Adani Electricity Mumbai Limited, valued at Rs 71,46,41,200, for the supply of various sizes of LT cables. This domestic order, awarded on a "Kms rate basis with PV Formulae," entails the delivery of cables on a DAP basis to Adani Electricity Mumbai Limited's Mumbai / DTPS Stores for their Mumbai Distribution Business project, with the entire execution slated to be completed by March 2026.

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 50,000 per cent in 3 years and a whopping 1,57,900 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.