Diamond Power Infrastructure Ltd

Diamond Power Infrastructure Limited has received a Letter of Acceptance from a domestic EPC contractor for the supply of 66 kV Extra High Voltage (EHV) underground power cables for a 66 kV transmission project in Gujarat, with a total contract value of Rs 76,05,89,060 including GST. The order, which covers approximately 293 kilometers of cable, is expected to see deliveries commence upon manufacturing clearance, at a rate of roughly 50 km per month, and reinforces the company's position in the high-value EHV segment. The transaction is considered to be at arm’s length and does not involve related parties.

Diamond Power Infrastructure Limited announced it has received a Letter of Intent from Aurionpro Solutions Limited for Rs 52.86 crore, including GST, to supply HT and LT electrical cables for a hyperscale data centre campus in Hyderabad. The order, which comprises approximately 130 kilometers of cable, marks the company's entry into copper-based cable production and strengthens its position in the data centre sector, with its current order book for data centre projects exceeding Rs 575 crore. Supplies are scheduled to commence immediately and will be delivered on a staggered basis aligned with the site's construction program.

Diamond Power Infrastructure Ltd share price gained 1.52% to Rs 368.2 after the company's net profit inched up 2.71% to Rs 58.45 crore, while revenue from operations eased by 0.86% to Rs 689.88 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.19 lakh crore, slipping 1.10%. It has improved by 2.06% over last one week and moving up by 12.22% in last one month while the market capitalization of Diamond Power Infrastructure Ltd has marginally improved by 5.49% and 112.82% in the same period respectively. Profit before tax (PBT) of Diamond Power Infrastructure Ltd stood at Rs 58.69 crore in Q2 FY26, jumping 257.21% year-on-year, and rising 0.32% quarter-on-quarter. EBITDA came in at Rs 69 crore, surging by 125.59% YoY and declining 1.93% sequentially. Total expenses slightly declined by 0.28% to Rs 624.62 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 600.13 crore, inching up 6.09% YoY, while employee benefits expense was at Rs 8.3 crore, surging 24.44% YoY. For the TTM ended FY26, revenue from operations soared by 224.84% to Rs 1115.39 crore, while net profit jumped 102.58% to Rs 34.5 crore, compared to previous TTM. EBITDA surged by 4170% to Rs 66.22 crore, and PBT soared 103.61% to Rs 34.41 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 17.15 crore in FY26, as against Rs 130.93 crore in FY25. Diamond Power Infrastructure Ltd rallied 145.47% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.83% during the same period.

Diamond Power Infrastructure Limited announced the appointment of Umeshkumar Chhaya (DIN: 11881011) as an Additional Director and Whole-time Director, effective August 13, 2026, subject to shareholder approval at the company’s Annual General Meeting; Chhaya, currently Senior Vice President – Sales & Marketing at Diamond Power Infrastructure Limited, will serve until September 30, 2027.

Diamond Power Infrastructure Limited announced it has received a Letter of Intent from Purvanchal Vidyut Vitran Nigam Limited, a subsidiary of Uttar Pradesh Power Corporation Limited, for the supply of 33 kV HT XLPE cable. The order, valued at Rs 61,03,55,000 inclusive of GST (Rs 51,72,50,000 excluding GST), involves supplying 250 km of cable with deliveries scheduled from September 2026 to January 2027 and execution by January 2027. The price is variable based on IEEMA guidelines with a base date of February 1, 2026, and includes a 10% security deposit.

Diamond Power Infrastructure Limited has secured purchase orders totaling Rs 195.48 crore from Rajesh Power Services Limited to supply 11 kV medium voltage underground power cables for projects undertaken by Paschim Gujarat Vij Company Limited (PGVCL) in Gujarat. The orders, to be executed over the next 12 months, encompass approximately 1,370 kilometers of cable for disaster management and urban underground infrastructure improvements, with a particular focus on coastal areas, and represent a significant contribution to strengthening the power distribution system's resilience.

Diamond Power Infrastructure Limited has rescheduled its Board of Directors meeting to Thursday, August 13, 2026, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, as per Regulation 33 of the SEBI Listing Regulations, following a previous intimation dated August 4, 2026.

Diamond Power Infrastructure Limited will hold a board meeting on August 10, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the trading window for the company's securities has been closed since July 1, 2026, and will remain closed until 48 hours after the results are declared.

Diamond Power Infrastructure has received a contract confirmation / letter of award from Adani Energy Solutions (AESL) for the supply of AL59 aluminium alloy conductors for two of AESL's transmission projects. The award covers the design, engineering, manufacture, testing, packing, dispatch and transportation on a Delivery-at-Place (DAP) basis of: ' 1,050 Km of AL59 Moose Conductor for the Tuticorin Project; and ' 3,770 Km of AL59 Zebra Conductor for the Pune-III Project. The order is valued at Rs. 185.16 crore inclusive of packing, forwarding, freight and transit insurance, and exclusive of GST ' aggregating to approximately Rs. 218.49 crore including GST. The contract is on a variable-price basis linked to aluminium LME and USD/INR movements through an agreed price variation formula, and the realised value may therefore differ. Deliveries are scheduled between July 2026 and February 2027.

The contract covers the design, engineering, manufacturing, testing, packing, dispatch and transportation of AL59 aluminium alloy conductors on a delivery-at-place (DAP) basis. The scope includes the supply of 1,050 km of AL59 Moose conductors for the Tuticorin transmission project and 3,770 km of AL59 Zebra conductors for the Pune-III project. The order value stands at Rs 185.16 crore, inclusive of packing, forwarding, freight and transit insurance charges but excluding GST. The company said the contract is based on a variable pricing mechanism linked to the London Metal Exchange (LME) aluminium price, aluminium premium and the USD/INR exchange rate. The base pricing has been calculated using an aluminium LME price of $2,550 per metric tonne, a premium of $106 per metric tonne and a USD/INR exchange rate of 87. The final realised value may vary in line with the agreed price variation formula. Deliveries are scheduled between July 2026 and February 2027, with delivery locations to be communicated separately by AESL. DPIL clarified that the order has been awarded by a domestic entity and is not a related-party transaction. The company added that none of its promoters, promoter group entities or group companies has any interest in Adani Energy Solutions, and the contract has been awarded on an arm's-length basis. Diamond Power Infrastructure is engaged in the manufacturing of power cables and conductors, offering a wide product range from 1.1 kV to 400 kV. Its clientele includes utilities, EPC contractors, renewable energy developers, and industrial customers. On the financial front, the company reported a 691.25% year-on-year surge in consolidated net profit to Rs 60.61 crore for the quarter ended March 2026, compared with Rs 7.66 crore in the corresponding quarter of the previous year. Revenue from operations more than doubled, rising 108.46% to Rs 695.87 crore from Rs 333.81 crore in the year-ago period. The scrip shed 0.64% to end at Rs 224.90 on the BSE on 16 July 2026. Powered by Capital Market - Live