This small-cap cable stock engaged in manufacturing conductors, cables, transformers, and transmission towers, while also providing EPC services for power transmission and distribution projects, hit a 5 percent upper circuit after securing an order worth Rs. 215 crore from Adani Green Energy Limited for supplying conductors for the Khavda Power Project in Gujarat.
Stock Price Movement:
With a market capitalization of Rs. 5,221.76 crores, the shares of Diamond Power Infrastructure Limited hit a 5 percent upper circuit of Rs. 99.09 per share on Monday, up from its previous closing price of Rs. 94.38 per share.
What Happened:
Diamond Power Infrastructure Limited (DPIL) has received a significant order worth Rs. 214.65 crore from Adani Green Energy Limited for supplying conductors for the Khavda Power Project in Gujarat. The order includes high-tension (HT) and low-tension (LT) cables for multiple solar and wind power projects, reinforcing DPIL’s role in India’s renewable energy sector.
The project is set for completion by January 2026. This major contract strengthens DPIL’s position in the power infrastructure industry, showcasing its expertise in delivering high-quality electrical solutions. The company continues to expand its reach with large-scale projects, ensuring reliable and efficient power distribution.
Order Book:
As of March 2025, Diamond Power Infrastructure Limited (DPIL) has a strong order book of Rs. 1,505 crore. Key contracts include an Rs. 899.75 crore order for AL-59 conductors and a Rs. 409 crore order for low and medium voltage cables, both awarded by Adani Group in July 2024.
Operational Highlights:
The company has a manufacturing unit in Vadodara and a distribution network across 16 Indian states, strengthening its role in India’s power infrastructure development.
Product and Service Offerings:
Diamond Power Infrastructure Limited (DICABS) provides conductors, cables, transformers, and transmission towers. It also offers EPC services, managing engineering, procurement, and construction for power projects. With integrated solutions, DICABS ensures efficient manufacturing and installation, catering to the power sector’s needs seamlessly.
Recent quarter results:
Diamond Power Infrastructure Limited’s revenue jumped from Rs. 59.96 crore in Q3 FY24 to Rs. 307.42 crore in Q3 FY25, growing by 22.04 percent. The company also moved from a net loss of Rs. 5.28 crore in Q3 FY24 to a net profit of Rs. 6.27 crore in Q3 FY25.
Written By – Nikhil Naik
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