Diamond Power Infrastructure Ltd receives Medium Voltage cable orders worth ₹195.48 crore from Rajesh Power Services Ltd

Diamond Power Infrastructure Limited ("DICABS", BSE: 522163, NSE: DIACABS), one of India's leading manufacturers of power cables and conductors, has received two purchase orders aggregating ₹195.48 crore (basic value, excluding GST) placed by Rajesh Power Services Limited, an EPC contractor executing turnkey underground cabling projects for Paschim Gujarat Vij Company Limited (PGVCL), the power distribution utility serving the Saurashtra and Kutch regions of Gujarat. The cables will be supplied for the account of PGVCL.

The cables will be deployed to convert overhead distribution lines into underground cable networks - a critical resilience measure for Gujarat's cyclone-prone coastal districts - under two flagship programmes:

- Disaster Management (SDMF) Scheme - approx. 645 km of 11 kV, 3-core aluminium XLPE armoured cables (order value ₹98.21 crore) for undergrounding of power distribution networks in coastal areas under the State Disaster Mitigation Fund, aimed at protecting power supply against cyclones and extreme weather events.

- System Improvement (SI) / Urban Underground Programme - approx. 725 km of 11 kV, 3-core aluminium XLPE armoured cables (order value ₹97.27 crore) for urban underground cabling works, improving reliability, safety and aesthetics of power supply in cities across the PGVCL area.

These Medium Voltage (MV) cables - in sizes ranging from 95 sq mm to 300 sq mm - will be manufactured at the Company's integrated facility at Vadodara, Gujarat, and the orders will be executed over the next 12 months, as per the delivery schedules finalised with PGVCL. Order values are at base prices on an IEEMA price-variation basis.

Commenting on the order win, Mr. Kavish Shah, Vice President - Corporate Strategy, Diamond Power Infrastructure Limited, said: "The undergrounding of power networks in coastal Gujarat is one of the most important grid-resilience initiatives in the country, and we are proud that DICABS cables will form its backbone. These orders reinforce our leadership in medium-voltage cables and our deep manufacturing presence in Gujarat. With nearly 1,370 km of 11 kV cables to be delivered, they also add meaningful visibility to our order book from the state utility segment."

Source : Equity Bulls

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