Diamond Power Wins ₹76.06 Crore EHV Cable Order; Shares Rise 1.58%

Mumbai September, 04: Diamond Power Infrastructure Limited has received a Letter of Acceptance from a domestic EPC contractor for supplying 66 kV Extra High Voltage underground power cables for a transmission project in Gujarat.

The order is worth ₹76.06 crore, including GST, according to the company’s exchange filing. The customer has not been named because of confidentiality provisions in the Letter of Acceptance.

The contract covers around 2,92,985 metres, or nearly 293 kilometres, of 38/66 kV underground cables. These are one-core, 630 sq mm aluminium conductor cables with XLPE insulation, copper wire screening, aluminium corrugated sheathing and an HDPE outer layer.

The cables will be supplied on an FOR basis, with deliveries expected to start after manufacturing clearance.

Stock Market Snapshot

The Diamond Power Infrastructure share price was at ₹328 as of 9:49 AM IST on September 4, 2026, up ₹5.10, or 1.58%, from the previous close of ₹322.90.

The stock opened at ₹324 and moved between ₹316.70 and ₹329.75 during the early session. At the latest quoted level, the shares were trading close to the day’s high.

The stock’s VWAP stood at ₹325.80, according to the market data shown.

Nearly 293 Km Of EHV Cables To Be Delivered

The size of the cable requirement makes this a sizeable addition to Diamond Power’s order pipeline.

Under the disclosed schedule, deliveries are expected at roughly 50 kilometres per month once manufacturing clearance is received. The company has also indicated that it may bring forward supplies depending on the project’s requirements.

The order gives Diamond Power another opportunity to utilise its manufacturing capabilities in the EHV cable segment.

Gujarat Transmission Project Adds To High-Voltage Business

Diamond Power said the order further strengthens its presence in Extra High Voltage cabling, a segment that requires specialised manufacturing, testing and quality-control capabilities.

The company highlighted its capabilities in areas such as triple-extrusion CCV technology and corrugated metallic sheathing for high-voltage cables.

Demand for underground transmission infrastructure has also been increasing as utilities and project developers build transmission links for renewable generation, industrial loads and urban networks.

Diamond Power Builds Exposure To Transmission Infrastructure

Diamond Power Infrastructure manufactures power cables and other transmission-related equipment across low, medium, high and extra-high voltage categories.

Its product portfolio includes power transmission cables, control and instrumentation cables and specialised fire-resistant and flame-retardant products.

The company has been expanding its manufacturing capabilities as it targets opportunities across utilities, renewable energy projects, data centres and industrial infrastructure. The latest Gujarat contract fits directly into that strategy.

Order Received In Ordinary Course Of Business

The company said the order was received in the ordinary course of business and on an arm’s-length basis.

The filing also states that the promoter or promoter group has no interest in the entity awarding the contract. The transaction does not fall under the related-party transaction category.

While the disclosed order value is ₹76.06 crore including GST, the company said the final realisation will be determined according to the price variation formula applicable to the contract.

Conclusion

Diamond Power Infrastructure has secured a ₹76.06 crore Letter of Acceptance for supplying nearly 293 kilometres of 66 kV EHV underground cables for a Gujarat transmission project.

The contract involves a scheduled supply rate of around 50 kilometres per month and adds to the company’s growing exposure to high-voltage transmission infrastructure.

The Diamond Power Infrastructure share price was at ₹328, up 1.58%, as of 9:49 AM IST on September 4, 2026, after touching a session high of ₹329.75.

Source:

• https://www.nseindia.com/get-quote/equity/DIACABS/Diamond-Power-Infrastructure-Limited
• https://nsearchives.nseindia.com/corporate/DIACABS_03092026195007_Regulation30ReceiptofLetterofIntent.pdf