Diamond Power Infra Secures ₹230 Crore Orders for Power Cables.

Diamond Power Infrastructure Limited (DPIL), a major Indian manufacturer of power cables and conductors, has announced the receipt of significant orders totaling ₹230.26 crores. The company has secured Letters of Intent (LOIs) from two prominent entities: Rajesh Power Services Limited and Adani Electricity Mumbai Limited.

Rajesh Power Services Limited has awarded DPIL a contract worth ₹1,50,98,65,000/- (approximately ₹150.99 crores) for their project under Dakshin Gujarat Vij Company Limited. Additionally, Adani Electricity Mumbai Limited has issued an LOI to DPIL for the supply of power cables valued at ₹79,27,80,051/- (approximately ₹79.28 crores).

Diamond Power Infrastructure Limited boasts the distinction of being one of India's largest single-location cable and conductor manufacturers, with a consolidated turnover of INR 343 crore in the fiscal year 2023-24. The company operates a sprawling 110-acre manufacturing plant in Vadodara, equipped with 5 CCV lines and an installed capacity of 2,50,000 MT per annum for conductors. DPIL prides itself on delivering robust, innovative, and energy-efficient products to a diverse clientele both domestically and internationally, having served customers in over 12 countries.

Acquired through the NCLT process by the GSEC-Monarch Group, DPIL is currently in the process of recommissioning its production facility in phases, with the complete process expected to be finalized by September 2025. The company employs over 1000 individuals, including its dedicated workforce, and emphasizes robust governance, a customer-centric approach, community service, and ecological consciousness. DPIL's commitment to sustainability is further underscored by its products being certified for Environmental Product Declaration (EPD) and Product Lifecycle assessment. These new orders from Rajesh Power and Adani Electricity signify a positive momentum for Diamond Power Infrastructure as it ramps up its operations post-acquisition.