DIACABS Bags ₹1349 Cr Adani Order: Powering India's Grid Growth ⚡
Hey everyone, let’s talk about some significant news from the Indian power sector! Diamond Power Infrastructure Limited (DIACABS), trading under the symbol DIACABS, just announced a major win that’s set to electrify its future.
The company has bagged a substantial Letter of Intent (LoI) from Adani Energy Solutions Limited, valued at a whopping ₹1349.11 Crores! 💰 This isn’t just any order; it’s for the supply of 24,080 kilometers of AL-59 high-performance conductors. Imagine that – enough conductors to stretch across India multiple times! These crucial components are earmarked for some of Adani’s marquee transmission projects, including Jamnagar, Khavda-IV D, HVDC, Navinal-II, and Mahan-II, with execution slated to be completed by June 2028.
This massive domestic order is a game-changer for DIACABS. It immediately propels their consolidated order book to an impressive ₹2,800 crore, providing strong revenue visibility for the next two years. Talk about a solid pipeline! 💪
What makes this even more interesting is DIACABS’ proactive approach. Recognizing the growing demand for these specialized conductors, the company has already ramped up its AL-59 conductor manufacturing capacity from 24,000 MTPA to a staggering 100,000 MTPA. This expansion, partly through its subsidiary DICABS NexGen, ensures they’re well-equipped to handle such large-scale projects.
As Kavish Shah, Vice President of Corporate Strategy at DIACABS, put it, this order is a “transformational moment” that affirms their scale, technical credibility, and role in India’s grid development. And he’s right! India’s power transmission sector is undergoing a massive upgrade to support renewable energy integration and urban infrastructure, with estimates suggesting over 300,000 circuit kilometers of new transmission lines are needed by 2030. The market for AL-59/HTLS conductors, known for higher ampacity and corrosion resistance, is booming, growing at a 15-18% CAGR.
This order positions DIACABS right at the heart of India’s energy infrastructure growth story. It’s a clear sign of their strengthening position in a vital sector. Keep an eye on how this unfolds! 📈
The stock was trading at ₹163, up 0.1% when this announcement was made.
source: Corporate Announcement
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