Shares of Diamond Power Infrastructure Ltd. gained 1.79% to ₹153.17 on Monday, September 15, after the company announced that it had secured a fresh Rs 236 crore order from Adani Energy Solutions Ltd.
In an exchange filing, the company said it received a Letter of Intent (LoI) for the supply of 5,403 km AL-59 Zebra conductor for the Jamnagar project, valued at Rs 2,36,71,39,357. The order is scheduled for completion by June 30, 2026.
This comes just a week after Diamond Power had bagged another LoI from Adani Energy worth Rs 184.6 crore for the Khavda IV-D project, to be executed by May 31, 2026.
On the financial front, the company reported a 15.8% YoY jump in Q1FY26 net profit at Rs 19.17 crore, compared to Rs 16.56 crore in the same quarter last year.
At the current price, Diamond Power’s market cap stands at Rs 80,840 crore, while its stock has moved between ₹81.50 and ₹190 over the past year.
The company’s 33rd Annual General Meeting (AGM) is scheduled for September 26, 2025.
