Scripscan:Diamond Cables Ltd
cmp:160
Traded in:Nse-bse
Story::Diamond Cables Ltd has achieved Financial Closure for its Expansion Projects aggregating Rs 260 crores with a Term Loan of Rs 130 crores from AXIS Bank Ltd., the remaining Rs 130 crores are being funded through a Mixture of Promoter Equity and Internal Accruals.Diamond Power is setting up a Power Equipment Park which would have manufacturing facilities for 50,500 Mt of Conductors, 48000 Mt Transmission Tower Plant, 25,000 kms of LT Cables, 3200 Kms of HT Cables and 3000 kms Cables of EHV Cables. The Plant will employ more then 4000 Persons and all the facilities will go on stream in three different stages before June 2009.The Power Equipment Park will also have space for setting up 50 ancillary units for Power Equipment Manufacturers.Meanwhile Diamond Cables High Voltage Power Cables Manufacturing facility at Vil: Vadadala, Tal: Savli, Dist: Vadodara with a capacity to manufacture 2800 kms has gone commercial.On another front, Diamond Cables' wholly owned subsidiary (Diamond Power) has expanded the manufacturing facility for Distribution Transformers to stand at 5000 MVA or about 2500 Distribution Transformers per month.After falling sizeably from the January 2008 peak of Rs 599, the stock is an exciting prospect and a probable multi-bagger from current levels.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
