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Tuesday, March 22, 2011

Diamant Infrastructure in green on venturing into Steel Fibre Reinforced Precast products


Diamant Infrastructure is currently trading at Rs. 55.10, up by 1.35 points or 2.51% from its previous closing of Rs. 53.75 on the BSE.
The scrip opened at Rs. 56.40 and has touched a high and low of Rs. 56.75 and Rs. 54.50 respectively. So far 56,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 67.00 on 06-Jan-2011 and a 52 week low of Rs. 8.13 on 07-Jun-2010.
Last one week high and low of the scrip stood at Rs. 57.50 and Rs. 51.50 respectively. The current market cap of the company is Rs. 193.62 crore.
The promoters holding in the company stood at 15.38% while Non-Institutions hold 84.62% respectively.
Diamant Infrastructure has ventured into Steel Fibre Reinforced Precast products. The commercial production for modular compound wall and SFRC rain water drains has already been started. This is the modern technology where the strength of the product is very high along with long life and very economical compared to traditional method.
The SFRC rain water drains are useful for small to medium industries and very much suitable for Highway Projects. The execution time of laying road side drains on service lane will be reduced to 1/10th of time required for cast-in-situ process.
Modular SFRC compound wall is the latest technology accepted by all the industries for securing their boundaries. The range of products will include box culvert, retaining walls, building walls, SFRC pipes.
Diamant Infrastructure is engaged in the infrastructure business in India. It involves in the development and construction of roads. The company operates in three primary segments: financial, infrastructure and realty.

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