Power Stock Hits 10% Upper Circuit After Receiving an Order Worth ₹436 Cr for Data Centre

Synopsis: A power cable maker just locked in one of its biggest orders yet, and the stock reacted by hitting the 10% upper circuit soon after the announcement. Here’s what the deal covers and why investors are excited.

A listed cable manufacturer has bagged a large supply order tied to India’s booming data center sector. The order comes from three major names in the infrastructure space and adds significantly to the company’s order book. Along with this, its recent quarterly numbers show a sharp jump in revenue and profit, giving investors more reasons to cheer.

Shares of Diamond Power Infrastructure Limited, with a market capitalization of Rs.11,528 crore, hit the 10% upper circuit at Rs.218.77 on Monday, rising from their previous closing price of Rs.198.90. The stock currently trades at a P/E ratio of 66.26.

A Big Order From Data Center Giants

Diamond Power Infrastructure Limited has received a supply order worth Rs 435.71 crore,, for supplying High Tension (HT) and Low Tension (LT) power cables. This order is for the 310 MW HYD22 to HYD26 Data Center Projects being built in Hyderabad. The projects will be executed by three major names, Larsen & Toubro (L&T), Sterling and Wilson, and Blue Star.

The scope of work involves supplying nearly 21.35 lakh meters of cables, which works out to over 2,100 kilometres. This includes around 1.89 lakh meters of HT cables and about 19.46 lakh meters of LT cables. Deliveries are set to begin from the first week of August 2026, and the entire order is expected to be completed in a staggered manner by March 2027. The pricing is based on the IEEMA PV formula using April 2026 indices as the base, which allows for price adjustments over the execution period.

This order is significant not just in size but also in what it represents. India’s data center capacity is expanding fast, and every megawatt of new capacity needs heavy cabling infrastructure. Industry estimates suggest the wires and cables opportunity from India’s data center pipeline could be worth around Rs 4,600 crore between FY25 and FY30.

Strong Show In Latest Quarterly Numbers

The company’s financial performance has also improved sharply. Revenue from operations for the fourth quarter came in at Rs 695.87 crore, up from Rs 333.81 crore in the same quarter last year. EBITDA margin expanded to 12.2% from 4.2% a year ago. Profit after tax rose to Rs 60.61 crore compared to Rs 7.66 crore in the year-ago quarter. For the full year, profit stood at Rs 158.17 crore against Rs 34.74 crore in the previous year. 

Order Book Continues To Build Up

Diamond Power Infrastructure Limited, known as DICABS, is an integrated manufacturer of power transmission equipment. The company makes low, medium, high and extra-high voltage power cables, along with control and instrumentation cables, fire-resistant cables, solar DC cables, EV charging cables, and conductors. It serves sectors such as power, infrastructure, oil and gas, renewables, real estate, and data centers.

The company’s outstanding order position stood above Rs 3,498 crore. This fresh order adds meaningfully to that base and points to strong revenue visibility for the coming quarters, reflecting growing confidence in the company’s execution capabilities, especially for high-specification cables needed in mission-critical infrastructure like data centers.

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