Following the announcement by the company that it has received a Letter of Intent (LOI) for a large order worth Rs 109.39 crore from Swastika Infra Private Limited, Diamond Power Infrastructure shares hit a 5% upper circuit in the early session.
The order is for the supply of 11KV 240 sq. mm XLPE aluminum 3-core power cables under the MGVCL schemes. By March 2025, the project is expected to be completed, boosting Diamond Power’s presence in the domestic market.
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