SYNOPSIS:
Diamond Power Infrastructure Ltd has secured a ₹184.67 crore order from Adani Energy Solutions for supplying 4,215 km of AL-59 Zebra Conductors.
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 2 percent upon receiving LoI (Letter of Intent) worth Rs. 185 crores from Adani Energy Solutions Limited.
With a market capitalization of Rs. 7,625.27 Crores on Monday, the shares of Diamond Power Infrastructure Ltd rose by 1.49 percent after making a high of Rs. 146.35 compared to its previous closing price of Rs. 144.20.
What happened
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. 184.67 crore.
The order is for the supply of 4,215 kilometers of AL-59 Zebra Conductors for the Khavda IV-D Project. The nature of the contract is on a “kilometer rate basis with PV (price variation) formula”, and the execution is scheduled to be completed by May 31, 2026.
Financials & Others
The company’s revenue rose by 34.83 percent from Rs. 224 crore to Rs. 302 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 17 crore to Rs. 20 crore during the same period.
In Q1 FY26, Diamond Power Infrastructure Ltd reported product-wise sales of ₹165.48 crore from HT cables (55%), ₹98.93 crore from conductors (33%), and ₹37.33 crore from LT cables (12%).
Diamond Power Infrastructure Ltd. is an integrated manufacturer and solutions provider in the power transmission and distribution (T&D) sector in India. Established in 1992, with a lineage dating back to 1970, the company is renowned for its production of conductors, power cables (ranging from low to ultra-high voltage), transmission towers, and transformers.
DPIL’s product portfolio includes EC-grade aluminum wire rods, AAC/AAAC/ACSR/ACAR conductors, specialty cables, and transmission towers. The company’s brands, notably DICABS, are preferred by industries such as power utilities, refineries, cement plants, and engineering sectors.
By 2030, the company aims for 50% revenue growth through strong domestic and global demand. It targets 150 advancements 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 3 position in each, and rank among the top 3 listed peers by market capitalization.
It serves a wide range of clients, including major central government firms like NTPC, PowerGrid, SAIL, and Indian Railways, along with several state electricity boards such as GETCO, GSECL, and MGVCL. It also caters to prominent corporate clients like JSW, AM/NS India, CleanMax, ABB, and Adani Group across various sectors.
Additionally, the company is actively expanding in the renewable energy space with customers like Adani Solar, JSW Energy, NTPC, Waaree, ACME, and PowerGrid. These partnerships reflect the company’s growing presence in both traditional and clean energy infrastructure markets.
Written by Sridhar J
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.
