Diamond Power Infrastructure (DPIL), a leading manufacturer of cables and conductors in India, has recently secured significant orders totaling approximately ₹230.27 crore, marking a substantial boost to its business prospects.

Major Order Details

The company has received two notable orders:

1. A ₹150.99 crore order from Rajesh Power Services Limited for their project under Dakshin Gujarat Vij Company Limited (DGVCL).
2. A ₹79.28 crore order from Adani Electricity Mumbai Limited (AEML) for the supply of power cables.

Order Specifications

• The Rajesh Power Services order involves the supply of XLPE Aluminum armored HT Cable for the DGVCL project.
• The AEML order requires the supply of assorted sizes of HT Cable on a DAP (Delivered at Place) basis at AEML Mumbai/DTPS Stores for Mumbai Distribution Business.

Execution Timelines

• The DGVCL project's detailed lot-wise delivery schedule will be received upon DGVCL approval.
• The AEML order is set to be executed by March 2026.

Impact on Business

These orders represent a significant business opportunity for Diamond Power Infrastructure, potentially having a positive impact on its financial performance. The combined value of ₹230.27 crore is substantial, considering the company's consolidated turnover of ₹343.00 crore in FY 2023-24.

Company Overview

Diamond Power Infrastructure Limited, acquired through the NCLT process by GSEC-Monarch Group, is one of India's largest single-location cables and conductors manufacturers. Key highlights include:

• An installed capacity of 250,000 MT p.a. of conductors
• A large manufacturing plant spanning 110 acres in Vadodara
• A workforce of over 1,000 employees
• Global presence, having served customers in more than 12 countries

The company is currently in the process of re-commissioning its production facility, with completion expected by September 2025.

Market Position

DPIL positions itself as a provider of robust, innovative, and energy-efficient products to a diverse customer base. The company's products are certified for Environmental Product Declaration (EPD) and Product Lifecycle, underscoring its commitment to ecological consciousness.

These new orders further solidify DPIL's position in the power infrastructure sector and demonstrate the industry's confidence in the company's capabilities and products.

Diamond Power Infrastructure Limited (DPIL), one of India's largest single-location cable and conductor manufacturers, has recently secured significant orders totaling ₹2.30 billion, marking a substantial boost to the company's project pipeline and potential revenue growth.

Order Details

The company has received two major orders:

1. A ₹1.51 billion order from Rajesh Power Services Limited for their project under Dakshin Gujarat Vij Company Limited.
2. A ₹792.78 million order from Adani Electricity Mumbai Limited for the supply of power cables.

Project Specifications

• The order from Rajesh Power Services Limited involves the supply of XLPE Aluminum armored HT Cable.
• The Adani Electricity Mumbai Limited order includes the supply of assorted sizes of HT Cable on a DAP (Delivered at Place) basis at AEML Mumbai / DTPS Stores for the Mumbai Distribution Business.

Execution Timeline

• The project for Dakshin Gujarat Vij Company Limited will have a detailed lot-wise delivery schedule upon receipt of DGVCL approval.
• The Adani Electricity Mumbai Limited project is set to be executed by March 2026.

Company Overview

Diamond Power Infrastructure Limited, with its manufacturing plant spread across 110 acres in Vadodara, is currently in the process of recommissioning its production facility. The company expects to complete this process by September 2025. DPIL boasts an installed capacity of 250,000 MT per annum for conductors and operates with five CCV (Continuous Catenary Vulcanization) lines.

Financial Impact

As per the company's disclosure, DPIL achieved a consolidated turnover of ₹343.00 crore in FY 2023-24. The recent orders, totaling ₹230.26 crore, represent approximately 67.13% of their previous year's turnover, potentially indicating strong growth prospects for the current fiscal year.

Industry Impact

These orders underscore the ongoing investments in power infrastructure across India, particularly in the states of Gujarat and Maharashtra. The demand for high-quality power cables and conductors continues to grow, driven by the expansion and modernization of electricity distribution networks.

The securing of these substantial orders by Diamond Power Infrastructure Limited not only strengthens its order book but also reinforces its position as a key player in the power infrastructure sector. As the company progresses with its facility recommissioning, these projects are likely to play a crucial role in its growth trajectory and market presence in the coming years.