Diamond Power Infra Shares: Power cable manufacturing company Diamond Power Infrastructure has received a new big order. The company said in a communication to the stock exchanges that it has received a letter of intent from Hild Projects Private Limited for the supply of power cables worth ₹66.18 crore. Tax is not included in this amount. According to the information given to the exchange, this order has been placed on the basis of kilometer-rate, which also includes the price variation formula. The company said that this contract will be implemented between January 1, 2026 and June 30, 2026.
Diamond Power Infrastructure also clarified that in this order, its promoters or any entity of the promoter group does not have any stake in Hild Projects. According to the company, this deal is not any kind of related party transaction.
Slight weakness in stock market
However, in the last two years, i.e. since re-listing in September 2023, it has given returns of more than 5,000 percent. During this period, its shares have increased from Rs 2.70 to Rs 140 crore. The current market cap of the company is Rs 7.360 crore.
Support is coming from transmission and infrastructure
This company is a leading company in India’s power transmission and distribution (T&D) industry. It manufactures critical equipment such as high-voltage cables, conductors and transmission towers and also provides engineering, procurement and construction (EPC) services for power growth in India.
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