| Market Cap | ₹10,480.9 CrMid Cap |
|---|---|
| Revenue TTM | ₹1,910.1 CrOperating |
| RSI | 49.08Neutral Zone |
| Order from | Larsen & Toubro Ltd, Sterling and Wilson Ltd, and Blue Star |
| Execution period | Deliveries to commence from the first week of August 2026 and to be completed in a staggered manner by March 2027. |
| Deal value | ₹435.71 Cr |
| Share of market cap | 4.2% |
| Share of annual revenue | 22.8% |
Key highlights
- Order value of ₹435.71 crore is exclusive of GST and covers HT & LT power cables
- Project scope involves approximately 21.35 lakh meters of cables for a 310 MW campus
- Contracting entities include Larsen & Toubro, Sterling and Wilson, and Blue Star
- Deliveries are scheduled to commence in August 2026 with completion by March 2027
- Pricing is based on IEEMA variation formula with April 2026 indices as the base
Order Details and Timeline
Diamond Power Infrastructure has been awarded a domestic contract worth ₹435,71,13,171 to supply High Tension (HT) and Low Tension (LT) power cables. This order supports the development of the 310 MW HYD22 to HYD26 Data Center Projects located in Hyderabad, Telangana. The project scope encompasses approximately 21.35 lakh meters of cables in aggregate, comprising 1.89 lakh meters of HT cables and 19.45 lakh meters of LT cables.
Deliveries are scheduled to commence in the first week of August 2026, with the entire order expected to be fulfilled in a staggered manner by March 2027.
Client Profile and Project Scope
- Larsen & Toubro Ltd is the awarding entity for the HYD22 and HYD23 phases of the project
- Sterling and Wilson Ltd is responsible for the HYD24 and HYD25 infrastructure segments
- Blue Star has awarded the supply order for the HYD26 phase of the Hyderabad campus
- The contract follows the IEEMA PV price variation formula to mitigate raw material volatility
- Delivery terms are set as DAP (Delivered at Place) Hyderabad, including transit insurance
Business Impact and Market Position
This contract represents one of the largest single cable supply orders in India's data center segment, reinforcing Diamond Power Infrastructure's position as a preferred supplier for mission-critical digital infrastructure. The company has reported significant growth, with TTM operating revenue reaching ₹1,910.1 crore and a net profit increase of 358.49% annually. By securing this ₹435.71 crore order, which represents roughly 22.8% of its annual operating revenue, the company ensures high capacity utilisation and revenue visibility through the end of the 2027 fiscal year.
Industry Tailwinds in Data Centers
India's data center capacity is projected to grow 30% in 2026, reaching 4–5 GW by 2030, driven by AI-accelerated demand. This build-out is creating a multi-billion rupee demand wave for high-specification products such as LSZH/FRLS and fire-survival cables. Industry estimates place the total wires and cables opportunity from India's data center EPC pipeline at approximately ₹4,600 crore through FY30.
Hyderabad, where this project is based, continues to emerge as a primary hub alongside Mumbai and Chennai due to robust power infrastructure and favorable regional policies.
Management Perspective
This is amongst the largest Data Center order for Power Cables in the Country. We look forward to executing it to the highest standards within the committed timeline.
“Data centers are emerging as one of the most significant demand drivers for the Indian cable industry. This order for the 310 MW Hyderabad campus validates our manufacturing capability, quality systems and delivery reliability for mission-critical infrastructure.”
| Share price | ₹198.89 |
|---|---|
| Market capitalisation | ₹10,480.93 Cr |
| Revenue (annual) | ₹1,910.10 Cr |
| Net profit (annual) | ₹158.17 Cr |
| Revenue (latest quarter) | ₹695.87 Cr+46.78% vs previous quarter |
| Net profit (latest quarter) | ₹60.61 Cr+21.91% vs previous quarter |
| P/E (TTM) | 66.26×Sector 49.59× |
| Promoter holding | 84.02%0.00% QoQ |
| FII holding | 0.36%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Diamond Power Infrastructure Limited announcing the receipt of a ₹435.71 crore order for power cables. Market figures from a third-party data provider.
