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The latest update is out from Diamond Power Infrastructure Limited ( (IN:DIACABS) ).
Diamond Power Infrastructure Limited has commenced commercial production at its second fully integrated rod mill at the DICABS Nextgen Special Alloys plant in Vadodara, Gujarat. This new facility, with a capacity of 2,500 MT per month, significantly boosts the company’s total wire rod production capacity to 73,200 MT per annum. This expansion is expected to enhance the company’s conductor production capabilities and support the needs of power utilities in corridor strengthening, renewable energy integration, and urban distribution upgrades.
More about Diamond Power Infrastructure Limited
Diamond Power Infrastructure Limited operates in the power infrastructure industry, focusing on the production of advanced aluminum-based alloys and high-efficiency conductors for power transmission. The company is engaged in enhancing its production capabilities through its wholly owned subsidiary, DICABS Nextgen Special Alloys, which is dedicated to manufacturing Next Generation AL 59 Wire Rods.
Average Trading Volume: 317,294
Technical Sentiment Signal: Buy
Current Market Cap: 79.6B INR
For an in-depth examination of DIACABS stock, go to TipRanks’ Overview page.