Diamond Power Share Price Surges 10% on Securing ₹435.71 Crore Order for Hyderabad Data Centre Projects

Diamond Power Infrastructure Limited (DICABS) has secured a ₹435.71 crore order, excluding GST, to supply High Tension (HT) and Low Tension (LT) power cables for the 310 MW HYD22 to HYD26 Data Centre Projects in Hyderabad, Telangana, as per the exchange filings. 

The projects are being executed by Larsen & Toubro Ltd (HYD22 & HYD23), Sterling and Wilson Ltd (HYD24 & HYD25), and Blue Star (HYD26).  

Supply Scope and Execution 

The contract covers the supply of approximately 21,35,324 metres of cables, comprising 1,89,404 metres of HT cables and 19,45,920 metres of LT cables. The total quantity is subject to a plus or minus 2% tolerance. 

The order follows the IEEMA PV pricing formula based on April 2026 indices and includes packing, forwarding, freight, and transit insurance.  

Deliveries will commence in the first week of August 2026 and continue in a staggered manner until March 2027 under DAP-Hyderabad terms.  

Data Centre Expansion Drives Demand 

According to the company, India's installed data centre capacity reached around 1,700 MW in 2025 and is projected to grow by about 30% in 2026. 

Industry estimates indicate capacity could reach 4-5 GW by 2030, while AI-driven demand could increase it to 8-9 GW or more. Hyderabad, Mumbai, Chennai, and Delhi-NCR were identified as key data centre markets. 

Growing Opportunity for Power Cables 

DICABS estimates that India's data centre EPC pipeline represents a ₹4,600 crore opportunity for the wires and cables industry during FY25-FY30, within an overall EPC opportunity of about ₹46,400 crore. 

The company said demand is expected for LSZH/FRLS, fire-survival, HT/EHV and high-current LT cables, which are widely used in data centre infrastructure. 

Manufacturing Capability Highlighted 

Commenting on the development, Umesh Chayya, Senior Vice President, Sales & Marketing, said, "Data centers are emerging as one of the most significant demand drivers for the Indian cable industry."  

He added that the Hyderabad order validates the company's manufacturing capability, quality systems and delivery reliability, describing it as among the largest data centre power cable orders in the country.  

Read More: Shakti Pumps Share Price Surges Over 4%; Secures ₹353.89 Crore MSEDCL Solar Pump Order! 

Diamond Power Infrastructure Share Price Performance  

As of 06 July 2026, at 1:30 PM, Diamond Power Infrastructure Limited share price was trading at ₹218.77 per share, reflecting a surge of 10% from the previous trading session. 

Conclusion 

The order expands Diamond Power Infrastructure's role in the 310 MW HYD22 to HYD26 Hyderabad data centre projects through the supply of HT and LT power cables, with deliveries scheduled from August 2026 to March 2027. 

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Turn insights into action - Open Free Demat Account with Angel One and start investing instantly.