Diamond Power Infrastructure shares moved over 2% higher in trade after the company announced a fresh business win, adding momentum to the stock and reinforcing its presence in the power cable manufacturing segment.
In an exchange filing, Diamond Power Infrastructure said it has received a Letter of Intent from Rajesh Power Services Limited, an EPC contractor, for the supply of power cables valued at ₹57.58 crore, inclusive of GST. The order has been awarded on a kilometre-rate basis and includes a price variation (PV) formula, which is a standard mechanism in large infrastructure and EPC contracts.
The scope of the contract involves the supply of 11 KV (E) 3 Core 300 sq mm XLPE aluminium armoured cables. These cables will be manufactured in line with UGVCL Robust 2.0 specifications, indicating adherence to established technical and quality standards used in utility-scale power projects.
According to the disclosure, the order has been awarded by a domestic entity and will be executed over a six-month period. The execution timeline is scheduled to begin on January 1, 2026, and conclude on June 30, 2026.
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