Diamond Power Infrastructure shares jump 10% after Rs 435 crore order for Hyderabad data centre projects
Shares of Diamond Power Infrastructure jumped 10% to its day’s high of Rs 218 crore on BSE after the company received a Rs 435 crore
Shares of Diamond Power Infrastructure jumped 10% to its day’s high of Rs 218 crore on BSE after the company received a Rs 435 crore order for Hyderabad data centre projects.According to a filing with the exchange, the company received a supply order valued at Rs 435.71 crore (exclusive of GST) for High Tension (HT) and Low Tension (LT) power cables for the 310 MW HYD22 to HYD26 Data Center Projects at Hyderabad.The project is to be executed by L&T, Sterling & Wilson, and Blue Star. According to the filing, the total project cost includes packing & forwarding and freight & transit insurance, but excludes GST.
Price is on a variation basis per the IEEMA PV formula, using April 2026 IEEMA indices as the base.The scope covers the supply of approximately 21.35 lakh meters (over 2,100 km) of cables, with deliveries commencing from the first week of August 2026 and completing in a staggered manner by March 2027. The filing with the exchange stated this is among the largest single cable supply orders in India’s data center segment and reinforces the Company’s position as a preferred supplier of power cables for mission-critical digital infrastructure.The order was received in the ordinary course of business and at arm’s length and the transaction does not fall within related party transactions.“Data centers are emerging as one of the most significant demand drivers for the Indian cable industry.
This order for the 310 MW Hyderabad campus validates our manufacturing capability, quality systems and delivery reliability for mission-critical infrastructure. This is among the largest Data Center orders for Power Cables in the Country. We look forward to executing it to the highest standards within the committed timeline.” Says Umesh Chayya, Senior Vice President - Sales & Marketing.Diamond Power Infrastructure is an integrated manufacturer of power transmission equipment, offering LV, MV, HV and EHV power cables, control and instrumentation cables, fire-resistant and flame-retardant cables, solar DC and EV charging cables, and conductors, serving sectors including power, infrastructure, oil & gas, renewables, real estate and data centers.In the last one year, the shares went up 56.56% and in the last two years, they went up 72.77%.
In the last three months and six months, the shares of Diamond Power Infrastructure were up 69.04% and 53.32% respectively.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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