Rs 2,555+ crore order book: Power cables & conductors company receives order worth Rs 236,71,39,357 from Adani Energy Solutions Ltd
DSIJ Intelligence-1 / 15 Sep 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 83,300 per cent in 3 years and a whopping 1,98,000 per cent in 5 years.
Diamond Power Infrastructure Ltd has received a letter of intent from Adani Energy Solutions Limited for a domestic order. The contract is for the supply of 5,403 KM of AL-59 Zebra Conductor for the Jamnagar Project. The value of the order is Rs 236,71,39,357, including tax. The purchase order is based on a "Kms rate with PV Formulae" and is to be executed by June 30, 2026.
Earlier, the company received two significant domestic orders from Adani Energy Solutions Limited. The first is a contract worth Rs 1,349.11 crore for the supply of 24,080 kilometres of AL-59 high-performance conductors. These conductors will be used for various transmission projects in Jamnagar, Khavda-IV D, and Mahan-II, with the supply to be completed by June 2028. The second order, valued at Rs 184,66,57,855, is for the supply of 4,215 kilometres of AL-59 Zebra Conductor specifically for the Khavda IV-D Project. This supply is to be completed by May 31, 2026.
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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 83,300 per cent in 3 years and a whopping 1,98,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.