Support and Resistance Levels
Past performance
About Divine Power Energy Ltd Divine Power Energy Ltd, originally incorporated as PDRV Enterprises Private Limited in 2001, has undergone several name changes and structural transformations, most recently becoming a public limited company in August 2023. The company operates as a manufacturer of insulated wires, cable wires, and other insulated conductors, with a production facility located in Sahibabad, Uttar Pradesh. It specializes in producing fiberglass-covered wires and strips for electromagnetic coils used in heavy lifting magnets.
Additionally, Divine Power Energy Ltd has expanded into trading super enameled wires and strips to meet market demand, focusing on supplying winding wires essential for transformers. These transformers are crucial in power distribution, converting and regulating voltage levels. The company's products are designed to enhance efficiency in power transmission and distribution. Divine Power Energy Ltd is preparing for a public issue to raise Rs 22.5 Cr through fresh equity shares, indicating its growth ambitions and commitment to expanding its market presence.