Diamond Power Infrastructure Secures ₹714.6 Million Order from Adani Electricity, Boosting Growth Momentum

Diamond Power Infrastructure Limited (DPIL), one of India’s leading power cable and conductor manufacturers, has announced a significant business win with a Letter of Intent (LoI) from Adani Electricity Mumbai Ltd (AEML) valued at ₹714.6 million (₹71.46 crore). This order is part of a broader surge in new contracts for DPIL, reinforcing its position as a key player in the power infrastructure sector.

 

Key Highlights

 

Major Order from Adani Electricity:

DPIL has received an LoI from Adani Electricity Mumbai Ltd for the supply of assorted sizes of high-tension (HT) power cables. The order, worth ₹714.6 million, will support AEML’s Mumbai distribution business and is slated for execution by March 2026.

 

Aggregate New Orders Top ₹2.3 Billion:

This Adani Electricity order is part of a recent wave of business wins for DPIL, which also secured a ₹1.51 billion order from Rajesh Power Services Ltd for the Dakshin Gujarat Vij Company project. In total, DPIL has received new orders worth over ₹2.3 billion in the past week, marking a robust uptick in its order book.

 

Operational Expansion:

DPIL is currently re-commissioning its large-scale manufacturing plant in Savli, Gujarat, which spans 110 acres and boasts an annual conductor manufacturing capacity of 2.5 lakh tonnes. The plant is expected to be fully operational by September 2025, further enhancing DPIL’s ability to fulfill large orders and meet growing market demand.

 

Market Response:

The announcement of these major orders has driven DPIL’s stock higher, reflecting investor confidence in the company’s growth trajectory and operational turnaround.

 

Strategic Importance:

The supply of HT cables to Adani Electricity underscores DPIL’s reputation for quality and reliability in the power infrastructure segment, positioning the company for continued success as India’s energy sector expands.

 

“DPIL’s recent order wins, including the latest from Adani Electricity, highlight our commitment to supporting India’s power infrastructure with reliable, high-quality solutions,” the company stated.

 

With these new contracts, DPIL is poised for strong revenue growth and enhanced market presence in the coming quarters.

 

Source: T&D India, Rediff Money, Capital Market, Investment Guru India, PTI