Rs 2,555+ crore order book: Power cables & conductors company receives order worth Rs 184,66,57,855 from Adani Energy Solutions Ltd

Diamond Power Infrastructure Ltd has received a letter of intent from Adani Energy Solutions Limited for a domestic order valued at Rs 184,66,57,855. The contract is for the supply of 4,215 KM of AL-59 Zebra Conductor for the Khavda IV-D Project. The company is required to complete the supply by May 31, 2026.

Earlier, the company received a letter of intent from Adani Energy Solutions Limited for a contract valued at Rs 1,349.11 crore. The order is for the supply of 24,080 kilometres of AL-59 high-performance conductors. The conductors will be used for several of Adani's major transmission projects, including those in Jamnagar, Khavda-IV D, and Mahan-II, with the supply to be completed by June 2028.

About the Company

Diamond Power Infrastructure Limited (DPIL), headquartered in Vadodara, Gujarat, was formerly a comprehensive provider of power transmission and distribution (T&D) solutions in India. Operating under the "DIACABS" brand, the company manufactured a range of products, including conductors, cables, and transmission towers, in addition to offering EPC services. DPIL maintained a manufacturing facility in Vadodara and boasted a distribution network that covered 16 Indian states. The company's business primarily revolved around the manufacturing of power products and the provision of related services within the power transmission and distribution sector.

The shares of the company's ex-traded stock split from a face value of Rs 10 each into 10 equity shares of face value of Re 1 each. The ex-date for the stock split was December 03, 2024. The outstanding order book position of the company stands at Rs 2,555+ crore as of the date. The stock gave multibagger returns of 77,120 per cent in 3 years and a whopping 1,63,000 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.