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).
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.
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.
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.
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.
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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.
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.
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Published on: Jul 6, 2026, 2:49 PM IST
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