Diamond Power Infrastructure shares rally 10% to hit upper circuit as firm bags order worth ₹436 crore

Worth ₹435.71 crore, the order includes the supply of high tension (HT) and low tension (LT) power cables for the 310 MW HYD22 to HYD26 data centre projects to be executed by Larsen & Toubro (L&T), Sterling and Wilson and Blue Star.

The order involves the supply of approximately 21.35 lakh meters of cables, including 1.89 lakh meters of HT cables and 19.46 lakh meters of LT cables, with a quantity tolerance of ±2%. The pricing is subject to variation based on the IEEMA PV formula, with April 2026 indices as the base, and the delivery will be executed on a DAP basis to Hyderabad, Diamond Power Infra said in a regulatory filing.

The company further said that the order deliveries will begin from the first week of August 2026 and are expected to be completed in a staggered manner by March 2027.

Diamond Power Infrastructure, in a statement to the exchanges, said that this is among the larger single cable supply orders in India’s data centre segment and “reinforces the company’s position as a preferred supplier of power cables for mission-critical digital infrastructure.”

“Data centres 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. We look forward to executing it to the highest standards within the committed timeline,” said Umesh Chayya, Senior Vice President, Sales & Marketing of Diamond Power Infrastructure.

Industry estimates

India’s installed data centre capacity reached roughly 1,700 MW in 2025 after a record year of new supply, and industry forecasts project around 30% growth in 2026. The base-case projections are to achieve 4–5 GW by 2030 and AI-accelerated scenarios pointing to 8–9 GW or more. Hyderabad, alongside Mumbai, Chennai and Delhi NCR, is among the fastest-growing hubs.

Industry estimates suggest that the wires and cables market from India's data centre EPC projects could be around ₹4,600 crore from FY25 to FY30, out of a total data centre EPC market of about ₹46,400 crore, with a preference for high-quality products like LSZH/FRLS, fire-survival, HT/EHV, and high-current LT cables.

Diamond Power Infrastructure share price trends

Over the past week, shares of the company have climbed 10%, while they have gained 53.5% in the last six months. From the beginning of the year, Diamond Power Infrastructure shares have jumped 59%.

Shares of the firm had hit a 52-week high of ₹219 on June 16, 2026, and a 52-week low of ₹110.49 on June 25, 2025.

According to NSE data, as of July 6, 2026, Diamond Power Infrastructure has a total market capitalisation of ₹11,528.55 crore.

Diamond Power Infrastructure Limited (DICABS) is an integrated manufacturer of power transmission equipment that serves sectors like power, infrastructure, oil & gas, renewables, real estate and data centres.