+
Diamond Power Infra Secures Rs 4,357.1 mn Power Cable Order
POWER & RENEWABLE ENERGY

Diamond Power Infra Secures Rs 4,357.1 mn Power Cable Order

Diamond Power Infrastructure hit the ten per cent upper circuit at Rs 218.40 after it announced a supply order worth Rs 4,357.1 million (mn) for high tension and low tension power cables.

The order was awarded by Larsen & Toubro, Sterling and Wilson and Blue Star for the 310 megawatt (MW) HYD22 to HYD26 data centre projects in Hyderabad. Under the contract the company will supply approximately two point one three five mn metres including zero point one eight nine mn metres of HT cables and one point nine four six mn metres of LT cables, with total quantity subject to a tolerance of two per cent.

Deliveries will be made on a Delivered at Place basis in Hyderabad and the order value of Rs 4,357.1 million (mn) is inclusive of packing, forwarding and transit insurance charges. Pricing is subject to variation under the IEEMA price variation formula with April 2026 indices as the base. The company indicated deliveries are scheduled to commence in the first week of August 2026 and will be executed in phases.

The firm said the entire order is expected to be completed by March 2027 and clarified that the contract does not constitute a related party transaction and that neither its promoters nor promoter group entities have any interest in the deal. Diamond Power Infrastructure manufactures power cables and conductors across a range from one point one kilovolt to four hundred kilovolt and serves utilities, EPC contractors, renewable energy developers and industrial customers. The announcement attracted investor attention and the stock movement reflected market reaction.

On the financial front the company reported a 691.25 per cent year-on-year rise in consolidated net profit to Rs 606.1 mn for the quarter ended March 2026, compared with Rs 76.6 mn a year earlier. Revenue from operations more than doubled, rising 108.46 per cent to Rs 6,958.7 mn from Rs 3,338.1 mn in the year ago period. Information was provided through the release and no Business Standard journalist was involved in its preparation.

Diamond Power Infrastructure hit the ten per cent upper circuit at Rs 218.40 after it announced a supply order worth Rs 4,357.1 million (mn) for high tension and low tension power cables. The order was awarded by Larsen & Toubro, Sterling and Wilson and Blue Star for the 310 megawatt (MW) HYD22 to HYD26 data centre projects in Hyderabad. Under the contract the company will supply approximately two point one three five mn metres including zero point one eight nine mn metres of HT cables and one point nine four six mn metres of LT cables, with total quantity subject to a tolerance of two per cent. Deliveries will be made on a Delivered at Place basis in Hyderabad and the order value of Rs 4,357.1 million (mn) is inclusive of packing, forwarding and transit insurance charges. Pricing is subject to variation under the IEEMA price variation formula with April 2026 indices as the base. The company indicated deliveries are scheduled to commence in the first week of August 2026 and will be executed in phases. The firm said the entire order is expected to be completed by March 2027 and clarified that the contract does not constitute a related party transaction and that neither its promoters nor promoter group entities have any interest in the deal. Diamond Power Infrastructure manufactures power cables and conductors across a range from one point one kilovolt to four hundred kilovolt and serves utilities, EPC contractors, renewable energy developers and industrial customers. The announcement attracted investor attention and the stock movement reflected market reaction. On the financial front the company reported a 691.25 per cent year-on-year rise in consolidated net profit to Rs 606.1 mn for the quarter ended March 2026, compared with Rs 76.6 mn a year earlier. Revenue from operations more than doubled, rising 108.46 per cent to Rs 6,958.7 mn from Rs 3,338.1 mn in the year ago period. Information was provided through the release and no Business Standard journalist was involved in its preparation.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code