 "Diamond Power surges on Rs 332 crore new orders")
Shares of Diamond Power Infrastructure has rallied 19% to Rs 45 on the National Stock Exchange (NSE) after the company said it has received orders worth of Rs 332 crore from Assam and Nagaland governments.
“The company one of the leading power equipment manufactures and EPC company is please to announce the receipt of orders aggregating Rs 332 crore from Assam State Electricity Board (ASEB) and Nagaland Electricity Board,” Diamond Power Infrastructure said in a statement.
The above said orders are to be executed in the next 12 months. The company’s orders book position stands Rs 2,034 crore, it added.
The stock opened at Rs 38.75 and touched a 52-week low of Rs 37 on NSE. The counter has seen huge trading volumes with a combined 665,019 shares changed hands on NSE and BSE till 1033 hours.
“The company one of the leading power equipment manufactures and EPC company is please to announce the receipt of orders aggregating Rs 332 crore from Assam State Electricity Board (ASEB) and Nagaland Electricity Board,” Diamond Power Infrastructure said in a statement.
The above said orders are to be executed in the next 12 months. The company’s orders book position stands Rs 2,034 crore, it added.
The stock opened at Rs 38.75 and touched a 52-week low of Rs 37 on NSE. The counter has seen huge trading volumes with a combined 665,019 shares changed hands on NSE and BSE till 1033 hours.
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