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• Diamond Power Infrastructure Limited (DPIL) proposes to expand its current manufacturing setup for producing conductors and medium voltage cables at Vadadala, Vadodara to cater to the growing demand from its existing markets.The Board of Directors of Diamond Power Infrastructure Ltd at their board meeting held on February 13, 2012 approved the Company's ambitious Expansion Project aggregating to Rs. 753 crores to be completed over a period of 30 months in three phases beginning from April 2013. Out of Which the Company is already investing in Rs. 50 crores in 6.3 MW Windmill project which is expected to go on stream in March 2012.
• In case of Conductors, DPIL aims to take advantage of the current market scenario and become a key supplier of conductors. DPIL plans to expand its conductors manufacturing capacity to 1,50,500 MT p.a. from the current capacity of 50,500 MT p.a. Along with the proposed expansion, the Company also proposes to increase its rod manufacturing facility to 1,22,000 MT p.a. from the present 32,000 MT p.a.In case of Medium Voltage Cables, the Company proposes to put up additional 3 lines, each with an installed capacity of 2,500 kms. totaling 7500 kms which will augment the current capacity of 5600 kms to 12,700 kms.
• The total Project cost of Rs. 753 crores as appraised by Dun & Bradstreet as well as Axis Bank, the funding is tied up a Mix of Rupee Term loan/ECB loan and Suppliers credit aggregating Rs. 440 crores which has been be totally tied up and the remaining Rs. 333 crores can be comfortably financed through Internal accruals which are available with the Company and will accrue progressively over the next 30 months implementation period.The Diamond Power Infrastructure Ltd stock closed the day at Rs.131.85, up by Rs.3.55 or 2.77%. The stock hit an intraday high of Rs.141.50 and low of Rs.121.30.The total traded quantity was 3.33 lakhs compared to 2 week average of 0.20 lakhs.

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