Diamond Power Infrastructure bags ₹60.53 Cr order from GETCO for supply of 66 kV EHV cables

Synopsis: Diamond Power bags a ₹60.53 crore GETCO order for EHV cables, boosting its ₹3,500 crore book. Can this high-voltage win reverse the recent 10% monthly slide?

Diamond Power Infrastructure Limited (DICABS) has secured a strategic Letter of Intent from the Gujarat Energy Transmission Corporation (GETCO) for the supply of approximately 270 kilometers of 66 kV Extra High Voltage (EHV) cables. 

This domestic contract, valued at ₹60.53 crore, marks a significant milestone for the Vadodara-based firm as it aggressively expands its footprint into the high-margin EHV cable segment. The project is slated for completion within a 4 month window from the date of the purchase order, reinforcing the company’s ability to execute large-scale utility mandates under tight timelines.

This latest win further strengthens the company’s burgeoning order book, following a ₹31.51 crore order bagged earlier this month from Tata Power Renewable Energy for 869 kilometers of conductors across Tamil Nadu, Maharashtra, and Karnataka.

With a market capitalization of ₹6,317 crore and a listing history dating back to 1992, Diamond Power continues to leverage its integrated manufacturing capabilities in Gujarat to consolidate its position as a key player in India’s power transmission and distribution landscape.

Diamond Power Infrastructure share price

Over the past 5 sessions, the stock has remained under sustained selling pressure. Over the past 1 month, shares have slipped approximately 15.72%. Over 3 months, the stock has fallen around 14.38%. On a year-on-year basis, shares have risen approximately 29.15%, reflecting the company’s strong operational turnaround over the past year.

The 52-week high for the stock stands at ₹183.50, while the 52-week low is ₹86.20. The company has a total market capitalisation of ₹6,317.86 crore, according to data on the NSE. 

About the Firm 

Founded in 1970 and incorporated in 1992, Vadodara-based Diamond Power Infrastructure Limited (DICABS) has evolved from a pioneer in private-sector conductor manufacturing into a comprehensive power solutions provider.

The firm operates nine specialized manufacturing units in Gujarat, managing a diverse portfolio that includes power cables, transformers, transmission towers, and integrated EPC services. Marketed under the “DICABS” brand, its products serve a vast network of state utilities and industrial giants across 16 states. As of March 2026, the company boasts a robust order book exceeding ₹3,500 crore, underpinned by a staggering 733% YoY surge in net profit during the third quarter of FY26.

With a massive order pipeline and a strategic shift into high-margin EHV cables, Diamond Power is successfully translating its decades of expertise into explosive financial growth. This operational turnaround positions the firm as a critical infrastructure backbone for India’s rapidly expanding power transmission landscape.

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