Diamond Power Infrastructure, a manufacturer of power transmission equipment and turnkey services provider (EPC), announced that the company has received orders worth USD 14.5 million for supply of 4600 kms of aerial bunch cables to Iraq.
The order has to be executed from September 2015, in subsequent 8 months. The companies present order book positon stands at Rs 24 billion.
Earlier, the company announced the receipt of orders worth Rs 3.32 billion from ASEB and Nagaland Electricity Board.
Shares of the company gained Rs 3.45, or 8.3%, to trade at Rs 45. The total volume of shares traded was 87,529 at the BSE (11.18 a.m., Friday).