Diamond Power Infrastructure has secured a ₹435.71 crore contract to supply power cables for a 310 MW data centre project in Hyderabad. The order involves a consortium of major engineering firms, with supplies scheduled to begin in August 2026. This significant win highlights the growing demand for electrical infrastructure in India's expanding digital sector.
Diamond Power Infrastructure has been awarded a major contract valued at ₹435.71 crore for the supply of High Tension and Low Tension power cables. The cables are designated for a large-scale 310 MW data centre project located in Hyderabad. The order was placed by a consortium featuring prominent industry players including Larsen & Toubro, Sterling and Wilson, and Blue Star.
Contract and Delivery Schedule
Under the terms of the agreement, Diamond Power is set to provide approximately 21.35 lakh meters of cabling. This includes 1.89 lakh meters of High Tension cables and 19.46 lakh meters of Low Tension cables. The delivery phase is scheduled to begin in the first week of August 2026 and will continue in stages until March 2027. The contract utilizes the Indian Electrical & Electronics Manufacturers' Association (IEEMA) price variation formula, which adjusts the final price based on material cost fluctuations using April 2026 as the base index. This structure helps the company manage risks associated with raw material price changes over the long execution period.
Context of the Data Centre Market
This project reflects the intense activity within India’s data centre infrastructure sector. According to company estimates, the total market opportunity for wires and cables specifically for data centre engineering projects in India is projected to reach approximately ₹4,600 crore between the 2025 and 2030 financial years. As data centres require consistent and high-quality power distribution, the ability to secure such large-scale orders is a key indicator of competitive capability for manufacturers in the power equipment space.
Financial and Operational Background
Diamond Power Infrastructure, which operates in the industrial goods and services sector, has experienced significant volatility and recovery in its business operations in recent years. Investors often monitor the company’s ability to manage its order book and execute complex deliveries within set timelines, as delayed projects or cost overruns can quickly impact profit margins in the cable manufacturing business. The company’s focus on the data centre segment is a strategic move to pivot toward higher-value, mission-critical infrastructure projects, which generally command better order reliability compared to traditional retail cable segments.
Monitoring Future Progress
For shareholders and analysts, the primary monitorables moving forward will be the actual execution pace of this order starting in August 2026. Because the contract is spread over several months, timely delivery will be essential to ensure consistent revenue recognition and to maintain healthy profit margins. Additionally, investors may track whether the company secures further orders within this ₹4,600 crore pipeline to sustain its growth trajectory in the coming years. Any updates regarding management's ability to maintain these margins against potential rises in raw material costs, despite the use of price variation formulas, will also remain relevant.