Rs 2,800 crore order book: Power Cables & Conductors Company Secures Major Order Worth Rs 1349.11 crore from Adani Energy Solutions Limited

DSIJ Intelligence-2 / 29 Jul 2025/ Categories: Mindshare, Trending

Rs 2,800 crore order book: Power Cables & Conductors Company Secures Major Order Worth Rs 1349.11 crore from Adani Energy Solutions Limited

The stock gave multibagger returns of 7,488 per cent since September 2023.

Diamond Power Infrastructure Limited (DPIL) has announced a Letter of Intent (LoI) worth Rs 1,349.11 crore from Adani Energy Solutions Limited. The order includes the supply of 24,080 kilometers of AL-59 high-performance conductors for major transmission projects such as Jamnagar, Khavda-IV D, HVDC, Navinal-II, and Mahan-II. The domestic contract, awarded on a "Kms rate basis with PV Formulae," is scheduled for completion by June 2028.

This order increases DPIL’s consolidated order book to Rs 2,800 crore, providing revenue visibility for the next two years. To cater to this demand, DPIL has expanded its AL-59 conductor manufacturing capacity from 24,000 MTPA to 100,000 MTPA, making it one of India’s largest producers. The expansion, under its subsidiary DICABS NexGen, includes three integrated rod mills—two operational and the third expected by July 2025.

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Kavish Shah, Vice President of Corporate Strategy, described this order as a milestone that reinforces DPIL’s technical capabilities and its position as a partner in India’s grid development. India’s power transmission sector is seeing rapid upgrades, with over 300,000 circuit kilometers of new transmission lines projected by 2030. The AL-59/HTLS conductor market is growing at 15-18 per cent CAGR due to rising demand for high-ampacity and corrosion-resistant lines.

DPIL, among India’s largest single-location cable and conductor manufacturers, reported a consolidated turnover of Rs 1,11,539.25 lakhs for FY 2024-25. Its 110-acre Vadodara facility has an installed capacity of 250,000 MTPA for conductors, including 100,000 MTPA for AL-59 conductors. Additionally, DPIL manufactures LV, MV, and EHV cables and caters to over 900 customers, including utilities, EPCs, metro projects, renewable energy developers, and export markets. Acquired via the NCLT process by the GSEC-Monarch Group, the company is re-commissioning its facility, with completion expected by September 2025.

The stock gave multibagger returns of 7,488 per cent since September 2023.

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