Diamond Cables Ltd has informed BSE that it has successfully further raised the working capital limits of Rs 60 crores from the Axis Bank under the consortium arrangement with the Bank of India & ICICI Bank Ltd. The aggregate working capital limits under the consortium finance now thus stands to Rs 163.40 crores. This meets the entire working capital funding of the company.
Diamond Cables Ltd has announced the receipt of EPC ? Turnkey Order for Implementation of Rajiv Gandhi Gramin Vidyutikaran Yojna (RGGY) for MEHSANA AND PATAN Districts of Gujarat.
The project will entail providing power to approx. 63923 Consumers resulting in Setting up of 249 Transformer Centers and Erection and Commissioning of Distribution Lines aggregating 814 Kms. The said Project is expected to be completed within 22 months from the date of Award. This project is in addition to the already existing contracts for Vadorara, Anand, Bhavnagar, Ahmedabad, Banaskantha and Sabarkanta Districts of Gujarat.
The Company’s Consolidated Projects are now for Approx. 300000 Consumers, 2490 kms of HT and LT lines & 860 Transformer Centers. These Projects are to be executed in 22 months.
Diamond Cables Ltd has announced the receipt of EPC ? Turnkey Order for Implementation of Rajiv Gandhi Gramin Vidyutikaran Yojna (RGGY) for AHEMDABAD AND SABARKANTHA District of Gujarat
The project will entail providing power to appex 62000 consumers resulting in Setting up of 322 Transformer Centers and Erection and Commissioning of Distribution Lines aggregating 480 Kms. The said Project is expected to be completed within 22 months from the date of Award. This project is in addition to the already existing contracts for Vadodara, Anand, Bhavnagar District of Gujarat.
Diamond Cables Ltd has informed BSE that it has raised working capital funds aggregating to Rs 103 Crores from Bank of India and ICICI Bank Ltd. These limits are in addition to short term working capital already raised by the Company. The total working capital limits thereby raised is Rs 178 Crores.
Diamond Cables Ltd has announced the receipt of EPC ? Turnkey Order for Implementation of Rajiv Gandhi Gramin Vidyutikaran Yojna (RGGY) for Bhavnagar District of Gujarat. The entire District RGGY in three lots has been awarded to the Company. The project will entail providing power to appex 21295 consumers resulting in Setting up of 139 Transformer Centers and Erection and Commissioning of Distribution Lines aggregating 382 Kms. The said Project is expected to be completed within 22 months from the date of Award. This project is in addition to the already existing contracts for Vadodara and Anand District of Gujarat.