Electric equipment stock jumps after receiving ₹1349.11 Cr order from Adani Energy SolutionsElectric equipment stock jumps after receiving ₹1349.11 Cr order from Adani Energy Solutions

Introduction:

Leading electric equipment manufacturer secured a ₹1,349.11 crore order from Adani Energy Solutions for supplying 24,080 km of AL-59 high-performance conductors for key transmission projects across India.

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Share price movement of Diamond Power:

On July 28, 2025, Diamond Power Infrastructure Ltd opened at ₹164.45, up 0.98% from its previous close of ₹162.85. The stock reached a high of ₹170.50 (4.69%) and a low of ₹159.60. By 4:01 PM, it traded at ₹167.75, a 3.01% increase, with a market cap of ₹8,839.94 crore.

Diamond Power Bags ₹1,349 Cr Adani Order:

Diamond Power Infrastructure Ltd has received a Letter of Intent from Adani Energy Solutions Ltd for an order worth ₹1,349.11 crore. The contract involves supplying 24,080 km of AL-59 high-performance conductors.

The supply will support marquee transmission projects, including Jamnagar, Khavda-IV D, HVDC, Navinal-II, and Mahan-II. The order is domestic in nature and will be executed on a “Kms rate basis with PV Formulae.”

The execution of this order is expected to be completed by June 2028. The company confirmed that the promoters or group entities have no interest in the awarding party, and it is not a related party transaction.

Recent news on Diamond Power:

As of April 28, 2025, Diamond Power Infrastructure Ltd secured two orders worth over ₹230 crore for supplying power cables to Rajesh Power Services and Adani Electricity Mumbai Limited.

Stock performance of Diamond Power for Period of 1 week, 6 months, and 1 year:

Diamond Power Infrastructure Ltd delivered a -3.53% return over the past week. It gained 40.8% in the past six months. The stock rose 25.8% over the past year.

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Shareholding pattern of Diamond Power:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	84.00%	90.00%	90.00%
FII	1.40%	0.00%	0.00%
DII	0.00%	0.00%	0.00%
Public	15%	10.00%	10.00%

About Diamond Power:

Diamond Power Infrastructure Ltd (NSE: DIACABS), founded in 1970, is India’s largest single-location manufacturer of power cables and conductors, with 250,000 MTPA capacity and a 110-acre facility in Vadodara.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.