Synopsis: Diamond Power Infrastructure bags ₹43.94 Cr UGVCL order for 453km cable supply. Despite recent volatility, the Vadodara-based firm continues aggressive order book expansion in 2026.
The company has a total market capitalisation of approximately ₹6,305 crore, according to data on the NSE. Diamond Power Infrastructure Limited (DIACABS) shares came into focus on Monday, March 30, 2026, as the Vadodara-based integrated power transmission and distribution solutions firm bagged a significant domestic cable supply order from Uttar Gujarat Vij Company Limited (UGVCL), a state-run power distribution company (DISCOM).
The company, in a regulatory filing, said it has received a Letter of Intent (LoI) from UGVCL worth ₹43.93 crore for the supply of approximately 453 kilometres of cables, with deliveries to be made in equal monthly lots to maintain a steady execution pipeline.
The contract also includes commencement terms requiring a 45-day acceptance window from the date the LoI is formally acknowledged by Diamond Power. The time period for this domestic order is 7 months from commencement of execution.
Earlier this month, on March 12, 2026, Diamond Power had bagged another order worth ₹31.51 crore from Tata Power Renewable Energy for the supply of 869 kilometres of AL-59 (ECO) conductors across Tamil Nadu, Maharashtra, and Karnataka, to be delivered within four months.
Share Price Movement
At the time of writing on Monday, March 30, 2026, Diamond Power Infrastructure shares closed at ₹119.89 apiece on the NSE, down roughly 2.5% Today. Over the past 5 sessions, the stock has seen mild selling pressure. Over the past 1 month, shares have slipped approximately 12.5%. Over the past 6 months, the stock has fallen around 20%. On a year-on-year basis, shares have risen approximately 31%, reflecting the company’s strong operational turnaround over the past year.
The 52-week high for the stock stands at ₹183.5, while the 52-week low is ₹86.2 according to data on the NSE. The stock was listed on the exchanges on September 15, 2023.
Company Overview
Founded in 1970 and headquartered in Vadodara, Diamond Power Infrastructure Limited (DIACABS) is a vertically integrated leader in India’s power transmission sector. Formally incorporated in 1992, the company operates across four key verticals: power cables and conductors (under the DICABS brand), transformers, transmission towers, and EPC services.
With nine manufacturing facilities in Gujarat and a distribution network spanning 16 states, it serves a diverse clientele including state utilities, refineries, and cement plants. Currently, the company is aggressively expanding its order book highlighted by its recent ₹43.94 crore UGVCL contract to capitalize on India’s accelerating power infrastructure and renewable energy capex cycle.
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