80,000 per cent returns in just 1 year & Rs 1,505 crore order book: Cables and conductors manufacturers expand product line with Power Grid Corporation of India approval!
The stock gave multibagger returns of 80,000 per cent in just 1 year and a whopping 1,80,000 per cent in 3 years.
Diamond Power Infrastructure Limited (DPIL) has received approval from Power Grid Corporation of India Limited (PGCIL) to manufacture 61 Strand New Generation AL 59 Conductors at its Vadadala Plant facility in Savli, District Vadodara. This approval was communicated to DPIL via a letter dated August 1, 2024. The approval complies with the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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.
Acquired through the National Company Law Tribunal (NCLT) process by GSEC-Monarch Group, DPIL operates across India with its primary manufacturing facility spread over 110 acres in Vadodara. Currently undergoing a phased recommissioning process slated for completion by June 2025, the company has also catered to customers in over 12 countries.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
DPIL's 800+ employees are committed to upholding strong governance, prioritizing customer satisfaction, serving communities, and fostering ecological responsibility. The company's products are certified for Environmental Product Declaration (EPD) and Product Lifecycle assessment.
The outstanding order book position of the company stands at Rs 1,505 crores as of date. The stock gave multibagger returns of 80,000 per cent in just 1 year and a whopping 1,80,000 per cent in 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Multibagger cable stock under Rs 80 - Could it be the next KEI Industries? Board likely to raise funds; Order books at Rs 495.16 crore & Debt-free in FY25