Synopsis:
Diamond Power Infrastructure Ltd secured a ₹1,349.11 crore order from Adani Energy Solutions for 24,080 km of AL-59 conductors, to be completed by June 2028.
The shares of the Power company, specializing in the manufacturing and sale of power transmission equipment, including power cables, transmission towers, and conductors, jumped upto 4 percent upon receiving LoI (Letter of Intent) worth Rs. 1,349 Cr from Adani Energy Solutions Limited.
With a market capitalization of Rs. 8,797.78 Crores on Monday, the shares of Diamond Power Infrastructure Ltd rose by 4.08 percent after making a high of Rs. 169.50 compared to its previous closing price of Rs. 162.85.
Diamond Power Infrastructure Ltd, engaged in the manufacturing and sale of power transmission equipment, including power cables, transmission towers, and conductors, has received a Letter of Intent from Adani Energy Solutions Limited for an order valued at Rs. 1349.11 crore.
The order intends to supply 24,080 kilometers of AL-59 high-performance conductors, which will be used in prominent transmission projects including Jamnagar, Khavda-IV D, HVDC, Navinal-II, and Mahan-II. The contract is domestic in nature and is structured on a kilometer rate basis with a price variation (PV) formula, and the order is scheduled for execution by June 2028.
With the addition of a major order, companies consolidated order book has reached Rs. 2,800 crore, ensuring strong revenue visibility for the next two years. To meet demand, the company has increased its AL-59 conductor capacity from 24,000 MTPA to 1,00,000 MTPA, becoming one of the largest AL-59 conductor manufacturers in India.
Financials & Others
The company’s revenue rose by 147.5 percent from Rs. 134.99 crore to Rs. 334.1 crore in Q4FY24-25. Meanwhile, the Net profit declined from Rs. 14.42 crore to Rs. 7.75 crore during the same period.
The company’s PEG ratio of 0.13 indicates potential undervaluation. Its current assets exceed current liabilities, showing strong short-term financial health. Additionally, it has achieved an impressive average 3-year net profit growth of 43.12%, reflecting robust earnings performance.
In Q4 of FY25, the company reported total sales of ₹333.5 crore. HT Cables led the performance with ₹195.4 crore (59%), followed by Conductors at ₹97.8 crore (29%) and LT Cables at ₹40.3 crore (12%).
By 2030, the company aims for 50% revenue growth through strong domestic and global demand. It targets 15% advancement in approvals and certifications from leading users and agencies. The goal is to achieve a 12% market share across all product categories, secure a top 5 position in each, and rank among the top 3 listed peers by market capitalization.
Diamond Power Infrastructure Limited (DPIL) is one of India’s largest single-location manufacturers of power cables and conductors, with a consolidated turnover of ₹1,11,539.25 Lakhs in FY 2024–25. The company operates five CCV lines and has an installed capacity of 2,50,000 MTPA for conductors, making it the largest single-location facility of its kind in the country.
It serves over 900 customers, including utilities, EPCs, metro and railway projects, RE developers, and export markets. It is supported by a nationwide distribution network and a world-class testing, R&D, and engineering team.
Written by Sridhar J
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