Cable stock jumps after securing ₹75 Cr order from Amara Raja Infra

Synopsis: The shares of the company are up by 2.3 percent after it received Letter of Intent for a supply order of Rs. 75.13 crore to be executed over 3 months timeframe.

The shares of the company in the business of manufacturing of Transmission & distribution of power products & services in India, are in focus after Amara Raja Infra’s  LOI.

With the market capitalization of Rs. 7,403.94 crore, Diamond Power Infrastructure Ltd’s share on Friday made a day high of Rs. 142.05 per share, up around 2.3 percent from its previous day’s close price of Rs. 138.85 per share. It has delivered a return of  5,127.14 percent over a period of five years.

What’s the news

Diamond Power Infrastructure Limited received a Letter of Intent from Amara Raja Infra Private Limited for supplying HT and LT cables. The order covers 110 km of 11/33 kV 3CX300 sq.mm cables and 456 km of 1.9/3.3 kV unarmored cables on a per-km rate basis with price variation formula. The total value is Rs. 75.13 crore including GST, with execution between January to March 2026. 

This will add to the company’s outstanding cable order book with Rs. 2,555 crore of existing order in value, Rs. 1,405 crore under finalization and Rs. 7,491 order under Pending bids.

About the company

Diamond Power Infrastructure Limited is a prominent integrated manufacturer of power transmission equipment in India, recognised as the nation’s largest single-location producer of power cables and conductors. 

Its comprehensive product portfolio includes high-voltage cables, conductors, and robust transmission towers, all vital for India’s energy infrastructure. A significant transformation occurred with the Company coming under new ownership, becoming part of a larger group associated with the Adani Group.

The revenue from operations grew  by 75 percent to Rs. 438 crore in Q2 FY26 from Rs. 250 crore in Q2 FY25. EBIT grew by 252 percent to Rs. 45.9 crore in Q2 FY26 from Rs. 13 crore in Q2 FY25. Accompanied by 593 percent YoY growth in net profit to Rs. 27.7  crore in Q2 FY26 and 562 YoY percent growth in EPS to Rs. 0.53 per share.

Written by Gourav Pratap Singh

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