StockWatch
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Other Electrical Equipment
Business Update11 Aug 2026, 06:31 pm

Diamond Power bags ₹195.48 Cr cable order from Rajesh Power

AI Summary

Diamond Power Infrastructure Limited has secured two purchase orders aggregating ₹195.48 crore (basic value, excluding GST) from Rajesh Power Services Limited. These orders are for the supply of 11 kV Medium Voltage underground power cables for projects of Paschim Gujarat Vij Company Limited (PGVCL) in Gujarat. The cables will be used for converting overhead power lines to underground networks under the State Disaster Mitigation Fund (SDMF) scheme and the System Improvement (Urban Underground) programme, with a focus on coastal areas. The orders are to be executed over the next 12 months. This award reinforces Diamond Power's position in the medium-voltage cable segment and contributes significantly to its order book.

Key Highlights

  • Diamond Power receives ₹195.48 Cr order for MV underground cables.
  • Orders are for PGVCL projects focused on disaster resilience.
  • Execution timeline is set for the next 12 months.
  • Reinforces company's leadership in medium-voltage cables.
  • Order placed by Rajesh Power Services Limited, an EPC contractor.