Divine Power Energy Ltd Company Summary

Divine Power Energy Limited (DPEL) was initially incorporated on August 24, 2001, as PDRV Enterprises Private Limited, a Private Limited Company with the Registrar of Companies, NCT of Delhi & Haryana. The Companys name was changed from PDRV Enterprises Private Limited to Dee Power and Electricals Private Limited dated May 11, 2023. Again, the name was changed from Dee Power and Electricals Private Limited to Divine Power Energy Private Limited dated July 11, 2023.

Subsequently, Company got converted from a Private Company to Public Company dated August 03, 2023 attaining the name of the Company to Divine Power Energy Limited.The Company made a fresh issue of 56,88,000 equity shares of Rs 10 each by raising Rs 22.76 crore by way of IPO on June 28, 2024.The Company is a manufacturer of insulated wire, cable wire, cable and other insulated conductors at Sahibabad (Uttar Pradesh). Company mainly sells winding wires to the power distribution companies and transformer manufacturers. Initially, Company started trading in super enamelled wires and strips to customer demand and remain competitive.

It started manufacturing wires / strips covered with fiberglass used in manufacturing electromagnetic coils, like the one used in lifting magnets which are used to lift heavy objects like containers, machinery etc. Over the years, DPEL has built strong technical expertise, robust manufacturing facilities, and long-term relationships with leading industryplayers. The Company caters to a wide range of clients, including TATA Power, BSES, Pashchimanchal Vidyut Vitran Nigam, DakshinanchalVidyut Vitran Nigam, Madhyanchal Vidyut Vitran Nigam, Purvanchal Vidyut Vitran Nigam, and Uttarakhand Power Corporation Limited.

DPEL has identified new avenues for growth by planning to enter the ancillary industries with its products, specifically tinned copper wires. This diversification has reduced its dependence on power and transformer sectors and open up new markets for its products. DPEL also sources its raw materials from trusted suppliers such as NALCO, Birla Copper, and Hindalco, ensuring high-quality standards in every product.

Company acquired a 100% stake in Vimlesh Industries Private Limited on April 2. 2025, making it a wholly owned subsidiary.