Diamond Power Infrastructure Shares Hit 10% Upper Circuit After ₹435-crore Order for Data Centre Projects

Mumbai, July 6: Diamond Power Infrastructure Ltd (DPIL) share price hit the 10% upper circuit on Monday after the company secured a ₹435-crore order to supply power cables for multiple data centre projects in Hyderabad. The order reinforced investor optimism over the company’s growing presence in India’s rapidly expanding digital infrastructure sector, where demand for power equipment is rising sharply.

The stock touched its upper circuit limit as the market cheered the sizeable contract, which is among the company’s largest wins in the data centre segment. The order also comes at a time when data centre-related companies are attracting increased investor attention amid strong investments in artificial intelligence (AI), cloud computing and digital infrastructure.

₹435-crore order for Hyderabad projects

Diamond Power Infrastructure said it has received an order worth ₹435 crore for the supply of power cables to data centre projects in Hyderabad.

According to the company, the contract is one of the largest single cable supply orders awarded for India’s data centre industry. The project will involve supplying a wide range of high-performance power cables required for mission-critical infrastructure, where uninterrupted electricity is essential for operations.

Over one year the stock has climbed 57% and over this year so far it has soared 58.6%. Source: NSE

The company said deliveries under the order are scheduled to commence in the first week of August 2026 and will be completed in phases by March 2027, providing healthy revenue visibility over the coming quarters.

Data centre boom creates opportunities

India’s data centre industry has emerged as one of the fastest-growing infrastructure segments, driven by rising cloud adoption, artificial intelligence workloads, digital payments and increasing internet usage.
Major global technology companies and hyperscale operators have announced large investments in new data centre capacity across cities such as Hyderabad, Mumbai, Chennai and Bengaluru.

The rapid expansion has created significant demand for power transmission equipment, including high-quality cables, transformers and backup power systems, benefiting companies such as Diamond Power Infrastructure.

Strengthening order book

The latest contract is expected to strengthen Diamond Power Infrastructure’s order book and further diversify its customer base.

The company said the order reinforces its position as a preferred supplier of power cables for mission-critical digital infrastructure projects. Large data centres require highly reliable electrical systems, making cable quality and execution capabilities important differentiators for suppliers.
Investors have increasingly rewarded companies with exposure to the power transmission and data centre ecosystem, given expectations of sustained capital expenditure in the sector over the next several years.

Market outlook

Following the sharp rally, market participants will closely monitor the execution of the Hyderabad project, fresh order inflows and the company’s ability to translate its growing order pipeline into earnings growth.

With investments in AI infrastructure and hyperscale data centres continuing to accelerate, companies involved in supplying critical electrical equipment are expected to remain in focus. For Diamond Power Infrastructure, timely execution of the ₹435-crore contract and further participation in India’s digital infrastructure build-out could serve as key catalysts for the stock in the coming quarters.

Source: https://www.nseindia.com/get-quote/equity/DIACABS/Diamond-Power-Infrastructure-Limited