A consortium of Ahmedabad-based GSEC Limited and its promoter Rakesh Shah have emerged as the winning bidder for Diamond Power Infrastructure Limited that is undergoing a debt resolution process under the insolvency and bankruptcy code (IBC) framework, according to stock exchange disclosures.

GSEC Limited and Rakesh Shah consortium win bid for Diamond Power Infra

This is the second time EoIs have been invited for the financially stressed engineering, procurement and construction company that was admitted for bankruptcy proceedings by the national company law tribunal (NCLT) three years ago.

Fresh expressions of interest (EoIs) invited for Diamond Power Infrastructure

The agency said in a statement that it has filed the charge sheet or the prosecution complaint against the firm Diamond Power Infrastructure (DPIL) and 14 others, including its directors and executives.

Bank fraud: ED files charge sheet against Vadodara-based firm in Rs 2,600-cr fraud

Gitanjali Gems, Bombay Rayon, Diamond Power Infra, Jaypee Infratech, GTL Infra, IVRCL, PC Jeweller, Reliance Naval and KSK Energy have plunged between 70% and 90% thus far in 2018.

67 stocks from BSE smallcap index fall more than 50% in 2018

In the Rs 2,654-crore bank fraud case against the Bhatnagars of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), the Central agency, Directorate of Enforcement (ED), on Tuesday said it has atta

Bank fraud: ED attaches assets worth Rs 1,122 cr of Vadodara-based Diamond Power

The Central Bureau of Investigation arrested three promoter-directors of Vadodara-based Diamond Power Infrastructure Ltd (DPIL) in connection with ₹2,654.4 crore loan fraud case.In a joint operation,

Three promoters of Diamond Power held

CBI and the Gujarat ATS have arrested 3 promoters of Vadodara-based Diamond Power Infrastructure, accused of defrauding a consortium of banks to the tune of Rs2,654 crore

CBI, Gujarat ATS arrest 3 promoters of Diamond Power in Rs2,654 crore fraud case

The Enforcement Directorate said the raids were carried out at seven places in Vadodara district and the premises of Diamond Power Infrastructure

ED raids Vadodara firm in Rs2,600 crore bank loan fraud case

The hard time being faced by the Vadodara-based cable and electrical equipment-maker Diamond Power Infrastructure Limited (DPIL) does not seem to get over anytime soon.The financial mismanagement and

Diamond Power Infrastructure unplugged, short-circuits public and private sector banks

Diamond Power Infrastructure Ltd, based in Vadodara, has been accused of cheating various banks to the tune of Rs2,654 crore after which CBI filed criminal case against the company and its directors

CBI books Vadodara firm for Rs2,654 crore fraud; raids premises

The Central Bureau of Investigation (CBI) on Thursday conducted raids at the premises of the promoters of Diamond Power Infrastructure Ltd (DPIL) after filing a case for defrauding banks of ₹2,654.40

CBI books Diamond Power Infra for defrauding banks of over ₹2,600 cr

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Diamond Power Infrastructure Limited is an infrastructure solutions company. The Company is engaged in the manufacturing of cables, conductors, transformers, transmission, and engineering, procurement and construction (EPC) contracts.