Diamond Power Infra Share Price Hit New High, Surge 100% in 6 Months on Strong Order Wins

Diamond Power Infrastructure share price (NSE: DIACABS) climbed 10% during intraday trading on July 21, 2026, to touch a new all-time high of ₹269.35. The rally came amid strong trading volumes and continued investor optimism following recent order wins.

Recent Order from Adani Energy Solutions

The stock has gained 21% over the past 2 trading sessions and has doubled in value over the last 6 months. It has also risen about 133% from its 52-week low of ₹115.80 recorded in February 2026.

A key reason behind the rally is the company's recent ₹185.16 crore order from Adani Energy Solutions Ltd. The contract involves the supply of AL59 Moose and AL59 Zebra aluminium alloy conductors for transmission projects at Tuticorin and Pune.

The order includes the design, manufacturing, testing, transportation and delivery of conductors. Deliveries are scheduled between July 2026 and February 2027. The final contract value may change depending on aluminium prices and currency movements, as the pricing follows a predefined price variation formula.

The company said the order strengthens its relationship with Adani Energy Solutions and improves revenue visibility for FY27.

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Large Data Centre Order Adds Growth Visibility

Earlier this month, Diamond Power Infrastructure also secured a ₹435.71 crore order to supply high-tension (HT) and low-tension (LT) power cables for 310 MW data centre projects in Hyderabad. The projects are being executed by L&T, Sterling and Wilson, and Blue Star.

The order covers the supply of more than 2,100 kilometres of power cables, with deliveries expected to begin in August 2026 and continue until March 2027.

According to the company, this is among the largest cable supply orders for India's data centre sector and strengthens its position as a supplier of power infrastructure for mission-critical facilities.

Growing Data Centre Sector Supports Demand

The company believes India's expanding data centre industry will create strong long-term demand for power cables. With data centre capacity expected to increase significantly over the coming years, demand for specialised power transmission products is also likely to grow.

Management highlighted that every new data centre requires extensive electrical infrastructure, creating opportunities for manufacturers of HT and LT cables.

Conclusion

Diamond Power Infrastructure's recent share price rally reflects positive investor sentiment following significant order wins in the power transmission and data centre segments. 

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