Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100
Budget-Friendly Cable Stock Secures Major Supply Order in Gujarat
Diamond Power Infrastructure Ltd (DPIL), has bagged a major purchase order worth approximately ₹175.17 crore. The contract, awarded by Associated Power Structures Ltd, involves delivering AL-59 conductors and OPGW cables* for high-voltage transmission lines across Gujarat. These supplies will follow the exact technical requirements set by *Gujarat Energy Transmission Corporation Ltd (GETCO).
This kilometer-rate based order uses a price variation clause and spans a supply length of 3,569 kilometers of conductor and cable. The delivery and execution are scheduled across various timelines between May and November 2025. Key components of the order include:
400 kV D/C Chorania to Kosamba line*: 347 km of supply, worth ₹17.19 crore
400 kV D/C Veloda to Prantij route*: 39.5 km, amounting to ₹23.63 crore
400 kV D/C Saykha to Jhanor line*: 34 km in length, valued at ₹20.20 crore
220 kV D/C Maglana to Pachham connection*: 80 km, worth ₹23.16 crore
These upcoming installations are expected to reinforce the state’s transmission infrastructure and cater to Gujarat’s expanding energy needs.
Financial Growth & Market Buzz
During the *third quarter of FY25, DPIL posted a consolidated net profit of ₹6.27 crore, a strong rebound from a net loss of ₹3.79 crore in the same period the year before. Revenue from operations also jumped significantly, recording a 412.7% rise year-over-year*, reaching ₹307.42 crore. This impressive growth reflects DPIL’s improving financial standing and successful project execution.
News of the ₹175 crore order has positively impacted market sentiment. The stock, which currently trades *below ₹100*, saw gains following the announcement, attracting interest from small-cap and value-seeking investors who are tracking the infrastructure sector closely.
Final Thoughts
The company’s rising revenue, return to profitability, and healthy order pipeline make it a noteworthy pick among low-priced infrastructure stocks. For investors seeking affordable exposure to India’s growing energy and grid expansion story, DPIL offers a compelling case.
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