Mumbai, December 5 (Udaipur Kiran): Shares of Diamond Power Infrastructure Ltd moved higher on Friday after the company received a Letter of Intent (LoI) worth Rs 747.64 crore. The stock was trading at Rs 144.25 on the BSE, up by 1.20 points or 0.84 per cent from its previous close of Rs 143.05.
The scrip opened at Rs 148.75 and touched an intraday high of Rs 150.10 and a low of Rs 143.75. A total of 82,064 shares were traded on the counter during the session.
The BSE Group ‘B’ stock, with a face value of Rs 1, had touched a 52-week high of Rs 185.10 on July 17, 2025, and a 52-week low of Rs 81.00 on March 4, 2025. Over the last one week, the stock moved between a high of Rs 154.15 and a low of Rs 142.60. The company’s current market capitalisation stands at Rs 7,612.10 crore.
Promoter holding in Diamond Power Infrastructure stands at 84.02 per cent, while institutional and non-institutional investors hold 1.49 per cent and 14.48 per cent, respectively.
Diamond Power Infrastructure has received an LoI worth Rs 747.64 crore (exclusive of GST) from Adani Green Energy for the supply of 33KV HV Cables of 2,126 km and 3.3KV Solar MV Cables of 3,539 km for the Khavda and Rajasthan projects. The order is to be executed between January 2026 and December 2026.
Diamond Power Infrastructure, incorporated in 1992 with its registered office in Vadodara, Gujarat, is engaged in the manufacturing and sale of conductors, cables and transmission towers.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
