Diamond Power secures Rs 1,349 crore order from Adani Energy; shares in focus
Diamond Power Infrastructure Ltd. (DPIL) announced on July 28 that it has received a Letter of Intent (LoI) from Adani Energy Solutions Ltd. for a massive order worth ₹1,349.11 crore. The contract involves the supply of 24,080 kilometers of AL-59 high-performance conductors, which will be used in marquee transmission projects including Jamnagar, Khavda-IV D, HVDC, Navinal-II, and Mahan-II.
The order will be executed by June 2028 and is awarded on a 'kilometers rate basis with PV (Price Variation) formulae.' With this addition, Diamond Power's consolidated order book now stands at ₹2,800 crore, ensuring strong revenue visibility over the next two years.
In anticipation of rising demand, the company has already scaled up its AL-59 conductor production capacity from 24,000 MTPA to 1,00,000 MTPA through its wholly owned subsidiary DICABS NexGen. Two of the three advanced integrated rod mills are already operational, with the third expected to go live by July 2025.
Strategic significance and outlook This is one of the largest AL-59 conductor orders in India , solidifying Diamond Power's position as a key player in the power transmission value chain.
, solidifying Diamond Power's position as a key player in the power transmission value chain. India's transmission infrastructure is set for a massive upgrade, with over 300,000 circuit kilometers of new lines expected by 2030, as per CEA and CRISIL estimates.
of new lines expected by 2030, as per CEA and CRISIL estimates. The AL-59/HTLS conductor market is growing at a 15–18% CAGR, driven by demand for high-ampacity and corrosion-resistant solutions.
Leadership view
Kavish Shah, Vice President of Corporate Strategy at DPIL, called the order a 'transformational moment,' affirming the company's scale, technical credibility, and execution capability in India's evolving power grid infrastructure landscape.
About Diamond Power Infrastructure Ltd.
Headquartered in Vadodara, Gujarat, DPIL is one of India's largest single-location manufacturers of power cables and conductors, with an installed conductor capacity of 2,50,000 MTPA and significant capabilities in LV, MV, and EHV cable segments. The company serves over 900 clients, including utilities, EPCs, metro rail projects, and international markets.
Disclaimer: This article is for informational purposes only and not investment advice. Please consult your financial advisor before making investment decisions.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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