Diamond Power Infrastructure Secures Orders Worth Rs 230 Crore

Diamond Power Infrastructure Ltd (DPIL) has announced the receipt of two substantial orders, collectively valued at over Rs 230 crore, for the supply of power cables.

These contracts, awarded by Rajesh Power Services and Adani Electricity Mumbai, mark a significant milestone for the company in its expansion within the power distribution sector. The first order, valued at Rs 150.99 crore, was awarded by Rajesh Power Services for a project under Dakshin Gujarat Vij Company. The second order, amounting to Rs 79.28 crore, was secured from Adani Electricity Mumbai. Both contracts pertain to the supply of power cables, underscoring DPIL’s growing footprint in the energy infrastructure domain. In a statement, DPIL clarified that none of its promoters or related group companies have any interest in the entities awarding these contracts, ensuring transparency and compliance with corporate governance standards.

These developments come on the heels of DPIL’s impressive financial performance in the third quarter of fiscal year 2025. The company reported a net profit of Rs 6.42 crore, a significant turnaround from the net loss of Rs 5.28 crore reported in the same quarter of the previous year. Revenue surged by 412.71% to Rs 307.42 crore, compared to Rs 59.96 crore in Q3 FY24, reflecting robust demand and operational efficiency. DPIL’s recent stock performance has mirrored this positive trajectory. Following the announcement of the new orders, the company’s share price rose by 2.11%, closing at Rs 98.41, indicating investor confidence in its growth prospects.

The company’s strategic focus on expanding its order book, coupled with its strong financial results, positions DPIL as a key player in India’s power infrastructure sector. As the country continues to invest in energy distribution and renewable energy projects, DPIL’s role in supplying essential components like power cables is expected to be pivotal in meeting the growing demand for reliable and sustainable energy solutions.

Diamond Power Infrastructure Secures Orders Worth Rs 230 Crore