Diamond Power Infrastructure Share Price Hits 10% Upper Circuit; Here's Why

On Monday, Indian benchmark indices traded higher in early trade. As of 10:00 AM, the Nifty 50 index was up 128.55 points, or 0.53 per cent, at 24,399.40. Amid the positive market sentiment,  Diamond Power Infrastructure (DICABS) share price hit the 10 per cent upper circuit at Rs 218.77 after the company announced a major order for supplying power cables to data centre projects in Hyderabad.

Diamond Power Infrastructure Secures Rs 435.71 Crore Data Centre Order

Diamond Power Infrastructure Ltd has secured a Rs. 435,71,13,171 order (excluding GST) for the supply of High Tension (HT) and Low Tension (LT) power cables for the 310 MW HYD22 to HYD26 Data Center Projects in Hyderabad.

The contract has been awarded by Larsen & Toubro Ltd for HYD22 and HYD23, Sterling and Wilson Ltd for HYD24 and HYD25, and Blue Star Ltd for HYD26. The total contract value includes packing and forwarding, freight and transit insurance but excludes GST.

Supply to Begin From August

Under the order, the company will supply approximately 21,35,324 metres of power cables, including 1,89,404 metres of HT cables and 19,45,920 metres of LT cables, with a quantity tolerance of ±2 per cent.

Deliveries are scheduled to commence in the first week of August 2026 and will be completed in a phased manner by March 2027. The supplies will be made on a DAP Hyderabad basis, while pricing will be governed under the IEEMA Price Variation (PV) formula using April 2026 indices as the base reference.

Riding India's Data Centre Growth

The company stated that the order was received in the ordinary course of business and does not involve any related-party transaction.

India's installed data centre capacity reached around 1,700 MW in 2025, with industry estimates projecting nearly 30 per cent growth during 2026. Industry projections indicate capacity could reach 4–5 GW by 2030, while AI-driven demand could push it to 8–9 GW. The wires and cables opportunity from India's data centre EPC pipeline is estimated at around Rs 4,600 crore over FY25–FY30, creating significant growth opportunities for cable manufacturers.
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Management Commentary

Commenting on the development, Umesh Chayya, Senior Vice President – Sales & Marketing, said: "Data centers are emerging as one of the most significant demand drivers for the Indian cable industry. This order for the 310 MW Hyderabad campus validates our manufacturing capability, quality systems and delivery reliability for mission-critical infrastructure. This is amongst the largest Data Centre orders for Power Cables in the Country. We look forward to executing it to the highest standards within the committed timeline."

Diamond Power Infrastructure Shareholding Pattern

According to the latest March 2026 shareholding pattern, Foreign Institutional Investors (FIIs) held 0.36 per cent, compared with 0.44 per cent in the previous quarter. Domestic Institutional Investors (DIIs) held 0.07 per cent, marginally lower than 0.08 per cent in the preceding quarter.

About Diamond Power Infrastructure

Diamond Power Infrastructure Limited is one of India's leading manufacturers of power transmission and distribution products. The company manufactures a wide range of power cables, conductors and transmission equipment catering to utilities, infrastructure, industrial and renewable energy projects.

The company serves sectors including power transmission, railways, metro, oil & gas, renewable energy, EPC and data centre infrastructure. It continues to expand its presence in high-value cable segments driven by growing investments in power and digital infrastructure.

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