Multibagger infra stock in focus after receipt of ₹236 crore order from Adani Energy Solutions

Multibagger infra stock Diamond Power Infrastructure will remain in focus on Monday, September 15, after the company bagged ₹236 crore order from Adani Energy Solutions.

On Friday, the infra stock was up 1.23 per cent to close at ₹149.25 apiece. The stock has given multibagger returns to its long-term investors by soaring over 5,448.33 per cent in five years.

In an exchange filing dated September 13, Diamond Power Infrastructure said that it has received a letter of intent from Adani Energy Solutions worth ₹236 crore.

“We would like to inform you that our company has received a letter of intent from Adani Energy Solutions Limited for Supply of 5403 KM AL-59 Zebra Conductor for Jamnagar Project worth Rs. 2,36,71,39,357/- (Rupees Two Hundred Thirty Six Crore Seventy One Lakhs Thirty Nine Thousand Three Hundred Fifty Seven only) including tax,” the company said in the filing.

According to the exchange filing, the said order is to be executed by June 30, 2026.

Last week, the company secured a letter of intent from Adani Energy Solutions Limited for the supply of 4,215 km of AL-59 Zebra Conductor for the Khavda IV-D Project, valued at ₹184.66 crore, with execution scheduled by May 31, 2026.

The company’s 33rd Annual General Meeting (AGM) is slated for Friday, September 26, 2025.

The company’s revenue grew 34.83 percent in Q1 FY25-26, rising from ₹224 crore to ₹302 crore. Net profit during the same period increased from ₹17 crore to ₹20 crore.

In Q1 FY26, Diamond Power Infrastructure reported segment-wise sales of ₹165.48 crore from HT cables (55 per cent), ₹98.93 crore from conductors (33 per cent), and ₹37.33 crore from LT cables (12 per cent).

Diamond Power Infrastructure is a fully integrated manufacturer and solutions provider in India’s power transmission and distribution (T&D) sector. The company is well-regarded for its production of conductors, power cables spanning low to ultra-high voltage, transmission towers, and transformers.

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