Diamond Power Infra Gains After Winning Rs 116 Crore Power Cable Order

Diamond Power Infrastructure Secures Major Cable Order, Boosting Investor Confidence

The recent order win positions Diamond Power Infrastructure as a key player in Gujarat’s underground cabling initiative.

Details of the Order

Diamond Power Infrastructure’s stock rose by 1.05% to Rs 371 following the announcement of the contract, which involves the supply of approximately 655 km of three-core aluminium XLPE cables in various sizes (300, 240, 95, and 70 square millimeters). The order comes from a Gujarat-based EPC contractor engaged in underground cabling projects for state power distribution companies.

The cables will be manufactured at the company’s integrated plant near Vadodara, utilizing aluminium sourced from its own rod mills. The supply will occur in lots, contingent on manufacturing clearances and utility-specified inspections and testing.

Strategic Importance of the Order

Kavish Shah, Vice President of Diamond Power Infrastructure, emphasized the significance of this order, stating that Gujarat’s distribution utilities are transitioning large parts of their urban networks underground to enhance reliability and resilience. This initiative aligns with the state’s broader goals of modernizing its power infrastructure.

The successful acquisition of four orders in a single day reflects the trust that EPC contractors and utilities place in Diamond Power’s quality, testing standards, and delivery capabilities. This trust is crucial as the company navigates the competitive landscape of power cable manufacturing.

Financial Performance and Market Outlook

In its latest quarterly results, Diamond Power reported a staggering 256.19% increase in consolidated net profit, reaching Rs 58.45 crore for the quarter ending June 2026, compared to Rs 16.41 crore in the same period last year. Additionally, sales surged by 128.57% to Rs 689.88 crore in Q1 FY27 from Rs 301.82 crore in Q1 FY26.

This robust financial performance, coupled with the new order, positions Diamond Power Infrastructure favorably for future growth. The company’s diverse product offerings, which include low, medium, high, and extra high voltage cables, cater to a wide range of sectors, including power utilities and renewable energy developers.

Key Highlights

• Diamond Power Infrastructure secured a Rs 116.49 crore order for 11 kV XLPE insulated cables.
• The order involves approximately 655 km of three-core aluminium cables for urban underground projects.
• Manufacturing will take place at the company’s integrated plant near Vadodara.
• Consolidated net profit surged 256.19% year-on-year in Q1 FY27.
• Sales increased by 128.57% in the same quarter, indicating strong demand.

Investor Note: The recent order win not only enhances Diamond Power Infrastructure’s revenue prospects but also solidifies its reputation in the power cable market. Investors should monitor the company’s ongoing projects and financial performance as it continues to capitalize on the growing demand for underground cabling solutions in Gujarat and beyond.