This cable stock engaged in manufacturing conductors, cables, transformers, and transmission towers, and provides EPC services for power transmission and distribution projects, jumped 3 percent after securing an order worth Rs. 175 crore from Associated Power Structures Limited for the supply of AL-59 conductors
Stock Price Movement:
With a market capitalization of Rs. 5,052.07 crores, the share of Diamond Power Infrastructure Limited has reached an intraday high of Rs. 96 per equity share, rising nearly around 3.30 percent from its previous day’s close price of Rs. 92.93. Since then, the stock has retreated and closed at Rs. 95.87 per equity share.
What Happened:
Diamond Power Infrastructure Limited (DPIL) has received a Letter of Intent from Associated Power Structures Limited for the supply of AL-59 conductors as per GETCO technical specifications, valued at Rs. 175.17 crore.
The order includes the supply of conductors for various power lines, with execution scheduled to take place in phases by September 2025. This order further strengthens DPIL’s position in the industry, showcasing its ability to meet large-scale infrastructure demands with timely and efficient solutions.
Order Book:
As of March 2025, Diamond Power Infrastructure Limited (DPIL) holds an impressive outstanding order book of around Rs. 1,505 crore. This strong position is driven by recent major contracts, including 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 the Adani Group in July 2024.
Operational Highlights:
The company operates a manufacturing unit in Vadodara and maintains a distribution network across 16 Indian states. This extensive reach supports its role as a key player in India’s power infrastructure development
Product and Service Offerings:
Diamond Power Infrastructure Limited (DICABS) offers a wide range of products, including various conductors, cables, transformers, and transmission towers. The company also provides EPC services, handling engineering, procurement, and construction for turnkey transmission and distribution projects. With integrated solutions, DICABS ensures a smooth process from manufacturing to installation, meeting the needs of the power sector efficiently.
Recent quarter results:
Diamond Power Infrastructure Limited’s revenue has increased from Rs. 59.96 crore in Q3 FY24 to Rs. 307.42 crore in Q3 FY25, which has grown by 22.04 percent. The net profit of the company has turned negative into positive, 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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