Diamond Power Infrastructure has secured a ₹436 crore contract to supply power cables for major data centre projects in Hyderabad. The order involves delivering over 21 lakh meters of cables to companies including L&T and Blue Star by March 2027. This contract reflects the rising demand for electrical infrastructure driven by India's expanding digital footprint.
Diamond Power Infrastructure has announced a major order worth ₹436 crore to supply high and low tension power cables for large-scale data centre projects in Hyderabad. The company will provide over 21.35 lakh meters of cabling to support the HYD22 to HYD26 data centre projects. Major engineering and construction firms, including L&T, Sterling & Wilson, and Blue Star, are managing these projects, which have a combined capacity of 310 MW.
Order Timeline and Revenue Visibility
Deliveries for this contract are scheduled to begin in August 2026 and continue until March 2027. This timeline provides the company with clear visibility on a portion of its revenue over the next several quarters. For investors, the ability to execute this order on schedule will be the key factor to track, as delays in project commissioning or supply chain disruptions can often impact the profit margins of cable manufacturers.
Industry Context and Market Demand
Data centres are increasingly becoming a critical source of demand for the Indian wire and cable industry. As these facilities require massive, uninterrupted power supplies, the quality and reliability of cabling are paramount. Industry estimates indicate that the total market opportunity for wires and cables linked to India’s data centre infrastructure projects could reach approximately ₹4,600 crore between fiscal years 2025 and 2030. This growth is supported by a broader trend of digital infrastructure expansion, with Hyderabad emerging as a major hub alongside existing centers like Mumbai and Chennai.
Financial and Operational Context
Beyond data centres, the company is also participating in state-led infrastructure upgrades. Diamond Power recently received an order from the Gujarat Energy Transmission Company for 66 kV extra high voltage power cables. That project is shorter in duration, with an execution window of four months. These orders represent the company’s efforts to maintain order book momentum. Investors may monitor how the company balances these large, long-term data centre contracts with smaller, faster-turnaround government power projects to optimize its cash flow and manufacturing utilization.
Market Performance
On the stock market, shares of Diamond Power Infrastructure recently reached a 52-week high of ₹232 as of July 8, 2026. While order wins are a positive indicator of business activity, the final impact on the company’s financial health will depend on raw material price stability—specifically copper and aluminum costs—and the company's ability to maintain healthy profit margins while competing in a capital-intensive sector.