This Power Stock Secures Adani Order Worth Rs 43.26 Crore: Stock Surges 3%
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Diamond Power wins Rs 43.26 crore Adani Power order to supply cables for Raipur Phase-II thermal project, execution by July 2026.
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Diamond Power Infrastructure shares were trading at Rs 128.43, up 2.83 per cent from the previous close, as of 2.20 PM on April 6, 2026. The stock moved higher following the company's announcement of a new order from Adani Power Limited.
The order is valued at Rs 43,26,10,349 inclusive of GST, which amounts to approximately Rs 43.26 crore. It relates to the Raipur Phase-II Thermal Power Projects in Chhattisgarh and includes design, engineering, manufacturing, inspection and testing at the manufacturer's works. The scope also covers packing and forwarding, transit insurance, transportation, and supply of various sizes of power and control cables. The contract, awarded by a domestic entity, is classified as a domestic order for the supply of power cables. Execution of the project is scheduled by July 31, 2026.
Diamond Power Infrastructure stated that none of its promoters, promoter group, or group companies have any interest in Adani Power Limited, and that the contract does not qualify as a related party transaction.
About the company:
Diamond Power Infrastructure Limited, also known as DICABS, began operations in 1970 as an ACSR conductor manufacturer and was incorporated in 1992. It operates as an integrated manufacturer of power transmission equipment with a portfolio spanning conductors, power cables, and transmission towers, supported by a manufacturing facility in Vadodara, Gujarat.
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Disclaimer: The article is for informational purposes only and not investment advice.