Power Infrastructure Company Secures Rs 43,93,97,438 Order from UGVCL: Here Are the Details

Om DSIJ/ 30 Mar 2026 /Categories: Mindshare, Trending

Power Infrastructure Company Secures Rs 43,93,97,438 Order from UGVCL: Here Are the Details

Diamond Power Infrastructure Receives Letter of Intent from Uttar Gujarat Vij Company Limited for Supply of 453 km of Cables; Execution Timeline Set at Seven Months

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On March 30, 2026, shares of Diamond Power Infrastructure came into focus after the company announced that it has received a Letter of Intent (LoI) from Uttar Gujarat Vij Company Limited for the supply of cables worth Rs 43,93,97,438 (inclusive of GST).

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Diamond Power Infrastructure Order Details and Execution Timeline

As per the company’s disclosure, the contract involves the supply of approximately 453 km of cables and has been awarded by Uttar Gujarat Vij Company Limited, a domestic entity. The total order value stands at Rs 43,93,97,438 inclusive of Taxes.

The execution of the project is scheduled over a period of seven months, which will commence after a 45-day period from the receipt of the letter of acceptance by the respective DISCOMs. The supplies will be carried out in equal monthly lots as per the schedule determined by the DISCOMs.

Diamond Power Infrastructure Share Price Performance

Diamond Power Infrastructure has a market capitalisation of Rs 6,294 crore. The stock has declined 12.49 per cent over the past one month and 19.70 per cent over the past six months, while it has gained 31.42 per cent over the past one year. In comparison, the Nifty 50 index has declined 3.60 per cent over the same one-year period.

About Diamond Power Infrastructure

Diamond Power Infrastructure Limited is engaged in the manufacturing and supply of power cables and conductors used in transmission and distribution networks. The company’s product portfolio includes low, medium, and high voltage power cables, catering to utilities, infrastructure projects, and industrial customers. It operates manufacturing facilities in Vadodara, Gujarat, and primarily serves domestic clients, including state-owned power distribution companies (DISCOMs).

The company executes orders through a project-based model, supplying cables for electrification, grid expansion, and infrastructure development projects. Its operations cover end-use segments such as power utilities, urban infrastructure, and industrial applications, with a focus on meeting technical specifications and delivery schedules outlined in government and institutional contracts.