Solar power cables company receives order worth Rs 747,64,01,400 from Adani Green Energy Ltd
DSIJ Intelligence-1 / 05 Dec 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 76,000 per cent in 3 years and a whopping 2,06,000 per cent in 5 years.
Diamond Power Infrastructure Limited (DPIL), a Vadodara-based former comprehensive provider of power transmission and distribution (T&D) solutions, has secured a significant domestic contract from Adani Green Energy Limited. The order, valued at Rs 747,64,01,400 (Rupees Seven Hundred Forty-Seven Crore Sixty-Four Lakh One Thousand Four Hundred only) excluding GST, involves the supply of a substantial quantity of cables: 2,126 kms of 33KV HV Cables and 3,539 kms of 3.3KV Solar MV Cables. These critical components are intended for use in the Khavda and Rajasthan Project and will be executed over a period from January 2026 to December 2026. The contract is structured on a "Kms rate basis with PV Formulae" for pricing.
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 company has a market cap of over Rs 7,600 crore and working capital requirements have reduced from 34.5 days to 10.0 days. The stock gave multibagger returns of 76,000 per cent in 3 years and a whopping 2,06,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.