Synopsis: The shares of this small-cap power company were in the news today after it received an order worth Rs 276 crore for the supply of 7,668 km of AL-59 Zebra Conductor for the Khavda Project from Adani Energy Ltd.
The shares of this company, which is engaged in the business of manufacturing transmission & distribution of power products & services in India, were in focus today after its announcement of bagging an order from Adani Energy for the supply of 7,668 km of AL-59 Zebra Conductor.
With a market cap of Rs 7,401 Crore, the shares of Diamond Power Infrastructure Ltd reached a high of Rs 145.50 compared to its previous day’s closing price of Rs 140.90, giving a jump of about 3.26% in today’s trading session. The shares have given a return of 5,109% since its listing and are trading at a PE of 120 , whereas their industry PE is 34.7
About the order.
Diamond Power Infrastructure has received a major boost with a fresh Letter of Intent from Adani Energy Solutions Limited for the Khavda project. The order involves supplying 7,668 km of AL-59 Zebra conductors and is valued at Rs 276.05 crore, making it one of the company’s more meaningful wins in recent quarters. Since the Khavda region is set to become one of India’s biggest renewable energy hubs, this contract gives Diamond Power a strong role in building out the transmission backbone of a nationally important project.
The order has been placed on a kilometre-rate basis with a price-variation formula, which helps the company manage raw-material cost fluctuations, an important factor in conductor manufacturing. The contract is fully domestic and has a clear completion date of November 23, 2026, providing the company with solid revenue visibility over the next year. Overall, this deal further strengthens Diamond Power’s credentials in the power transmission space and adds healthy depth to its order pipeline.
Financials and others
The revenue from operations is at Rs 438 crore in Q2 FY26 versus Rs 250 crore in Q2 FY25, which is an increase of about 75 percent YoY. Similarly, the net profit has increased by about 600% when we compare the Q2 FY25 profit of Rs 4 crore with the Q2 FY26 profit of Rs 28 crore. The company’s total outstanding order book position is over Rs 2,555 crore.
This customer snapshot shows how widely trusted Diamond Power Infrastructure is across India’s power sector. It serves major central and state utilities like Power Grid, NTPC and BHEL, along with large private players such as JSW, AMNS India, ABB, Adani, and CleanMax. What’s even more encouraging is its growing presence in the renewable space working with leading names like Adani Solar, WAAREE, JSW Energy, Sprng, KP Group, and ACME. Together, these relationships highlight a company that is well-rooted in conventional power while rapidly expanding into India’s fast-growing clean energy ecosystem.
Diamond Power Infrastructure Limited has grown from a small conductor manufacturer in 1970 to one of India’s largest integrated power transmission equipment producers. With strong manufacturing capabilities and a focus on innovation, the company now serves nearly 80% of the country’s transmission and distribution needs. Its broad product range and engineering expertise make it a key contributor to India’s expanding power infrastructure.
Written by Leon Mendonca
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
