Company History Diamond Power InfrastructureThe Company

Topics: Corporation, Balance sheet, Transformer Pages: 3 (814 words) Published: November 19, 2014

Company History - Diamond Power Infrastructure
The Company traces its origins to M/s. Diamond Cables (DC), 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 (DCPL), a Company incorporated under the Act on 26th August, 1992, acquired the current assets and current liabilities of DC. DC was subsequently incorporated under the Act as a Private Limited Company under the name and style of Madhu Formulations Private Limited (MFPL) on the 9th March, 1993 with ROC Gujarat.

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

The Company does not have any subsidiary.

2003

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

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

2004

- Delisting of the equity shares of the company from Vadodara, Delhi and 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 (ISAQ) 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

-Company name has been changed from Diamond Cables Ltd to Diamond Power Infrastructure Ltd....
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