Penny Stock Under Rs 100 & Rs 1,100 Crore Order Book: Cables & Conductors Company Bags Order Worth Rs 175,17,05,458 From Associated Power Structures Ltd

The stock gave multibagger returns of 110 per cent in just 1 year; 63,500 per cent returns in 3 years and a whopping 2,00,000 per cent in 5 years.

On Thursday, shares of Diamond Power Infrastructure Limited jumped 3.30 per cent to Rs 96 per share from its previous closing of Rs 92.93 per share. The stock’s 52-week high is Rs 193.58 and its 52-week low of Rs 45.55. The shares of the company saw a spurt in volume by more than 1.50 times.

Diamond Power Infrastructure Limited (DPIL) has secured a significant letter of intent from Associated Power Structures Limited, valued at Rs 175,17,05,458. This order pertains to the supply of AL-59 Conductor, adhering to GETCO Technical Specification. The contract, awarded by a domestic entity, Associated Power Structures Limited, is based on a "Kms rate" with PV Formulae, indicating a rate per kilometre with price variation adjustments. The nature of the order involves the turnkey supply of the conductor for various 400kV and 220kV Double Circuit (D/C) transmission lines, including associated OPGW cable in some cases.

The project encompasses the supply of conductors for multiple transmission lines, totalling 3569 kilometres. Key projects include the reconfiguration of the 400kV D/C Chorania - Kosamba and Fedra - Sanand (Chharodi) lines, the 400kV D/C Sanand (Chharodi) - Soja line, the 400kV D/C Veloda - Prantij line, the 400kV D/C Kalawad-Saurashtra (765kV) line, the 400KV D/C Saykha - Jhanor line, and the 220kV D/C Maglana-Pachham line. The execution of these supplies is scheduled to occur in phases, with completion expected by September 2025. Specifically, significant portions of the orders are to be delivered in May, June, July, and August of 2025, with final deliveries in November 2025.

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 crores as of date. The stock gave multibagger returns of 110 per cent in just 1 year; 63,500 per cent returns in 3 years and a whopping 2,00,000 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.