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History of Diamond Power Infrastructure Ltd.

The Comp. traces its origins to M/s. Diamond Cables [DCs], a Partnership Firm established in 1971. DC was later converted into a proprietory firm in 1984 which Shri S.N. Bhatnagar as a sole proprietor. On 1st October, 1992, Diamond Cables Private Limited [DCPLs], a Comp. incorporated under the Act on 26th August, 1992, acquired the current assets & current liabilities of DC. DC was subsequently incorporated under the Act as a Private Limited Comp. under the name & style of Madhu Formulations Private Limited [MFPLs] on the 9th March, 1993 with ROC Gujarat.

DCPL entered into a Memorandum of Understanding [MOUs] with MFPL on 10th March, 1993, for taking over the entire business of MFPL, at a value certified by Government approved Valuers.

The Comp. doesn't have any subsidiary.

2003

-Receives order from Tamil Nadu Electricity Board aggregating Rs 24 crore

-SBI & IDBI have argeed the debt Restructuring & reducing the interest rate to 10% from a current level of @ 16%.

2004

- Delisting of equity shares of Comp. from Vadodara, Delhi & Ahmedabad Stock Exchanges

-Diamond Cables Ltd enters into long-term arrangement with EUROSTAR-UK for supply of Power Cables

-Diamond Cables enters into marketing tie-up with ELCO of Israel

2005

- Diamond Cables receives International Star Award for Quality [ISAQs] in the Gold Category

-Diamond Cables secures order from ABB for Uttar Pradesh projects

-Diamond Cables secures export order for East Africa

-Diamond Cables secures order for insulated conductors from ABB

-Diamond Cables receive LOA for supply of AAAC Conductors

2007 -Diamond Cables secures orders aggregating Rs 216.70 Mn -Diamond Cables acquires Western Transformers to Augment Capacity to 10,000 MVA per annum