Diamond Power Hits Upper Circuit After ₹435.71 Crore Data Centre Order


    By Dalal Street Investment Journal (DSIJ)

    Summary :

     

    Diamond Power hit the 10% upper circuit after securing a ₹435.71 crore order to supply HT and LT power cables for Hyderabad data centre projects. The stock touched ₹218.77, near its all-time high, while the order strengthened investor confidence amid India's expanding data centre sector.

    Diamond Power Secures ₹435.71 Crore Data Centre Order

    Diamond Power locked in the 10% upper circuit on Monday after the company announced a major order linked to the data centre industry.

    The stock opened at ₹213 and later locked at ₹218.77, which was also close to its all-time high of ₹219.00.

    Company Bags ₹435.71 Crore Supply Order

    The company informed investors that it has secured a supply order worth ₹435.71 crore for the Hyderabad data centre projects. The order covers the supply of High Tension (HT) and Low Tension (LT) power cables for the 310 MW HYD22 to HYD26 data centre projects in Hyderabad, Telangana. The projects are being executed by L&T, Sterling and Wilson, and Blue Star.

    Under the contract, the company will supply nearly 21.35 lakh metres of power cables. This includes around 1.89 lakh metres of HT cables and about 19.46 lakh metres of LT cables. Deliveries are scheduled to begin in the first week of August 2026. The supplies will continue in phases and are expected to be completed by March 2027.

    Diamond Power Infra Ltd

    Trade

    218.7719.88 (9.99 %)

    Updated - 06 July 2026
    218.77day high
    DAY HIGH
    212.60day low
    DAY LOW
    12661043
    VOLUME (BSE)

    The Data Centre Opportunity

    India's data centre industry is expanding at a rapid pace. Growing cloud adoption, digital services and rising demand for artificial intelligence infrastructure are driving fresh investments across the country.

    As more facilities come up, the requirement for power infrastructure is also increasing. Every data centre needs extensive cabling for power transmission and distribution. This creates long-term demand for specialised products such as HT cables, fire-resistant cables and other high-performance solutions.

    About Diamond Power Infrastructure Ltd

    Diamond Power Infrastructure Ltd is an integrated manufacturer of power transmission products. Its portfolio includes LV, MV, HV and EHV power cables, control and instrumentation cables, fire-resistant and flame-retardant cables, solar DC cables, EV charging cables and conductors. The company supplies products to sectors such as power, infrastructure, oil and gas, renewable energy, real estate and data centres.

    Diamond Power Infrastructure Ltd Share Price Performance

    On Monday, the stock opened at ₹213.00 against its previous close of ₹198.89. This was a gap-up opening of around 7.1%. Buying continued after the opening bell, taking the stock to ₹218.77, which was also close to its all-time high of ₹219.00.

    This rally has added to the stock's strong performance this year. On a year-to-date basis, its share price has gained 58.63%.

    Source: Dalal Street Investment Journal (DSIJ), BSE, NSE

    About the Author

    SEBI Registered Research Analyst (INH000006396).


    Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise. 

    Published Date : 06 Jul 2026

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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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