Order Win
Diamond Power Infrastructure Secures ₹435.71 Crore HT & LT Cable Supply Order for Hyderabad Data Center Projects
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Diamond Power Infrastructure Limited (DICABS) has secured a ₹435.71 crore (excluding GST) order for the supply of High Tension (HT) and Low Tension (LT) power cables for 310 MW HYD22 to HYD26 Data Center Projects in Hyderabad. The order, awarded by Larsen & Toubro, Sterling & Wilson, and Blue Star, strengthens the company’s presence in India’s rapidly expanding data center infrastructure market.
PRICE-SENSITIVE TRIGGER
Event: Receipt of a major domestic supply order for HT & LT power cables for Hyderabad data center projects.
Type: Order Win
Impact: Positive
Immediate Effect: The order expands Diamond Power Infrastructure’s order book, reinforces its position in the high-value data center cable segment, and provides revenue visibility through deliveries extending until March 2027.
Key Metrics:
- Order Value: ₹435.71 crore (excluding GST)
- Scope of Supply: HT & LT power cables for 310 MW HYD22–HYD26 Data Center Projects
- Cable Quantity: Approximately 21.35 lakh meters (over 2,100 km)
- HT Cable: 1,89,404 meters
- LT Cable: 19,45,920 meters
- Delivery Timeline: First week of August 2026 to March 2027
Highlight:
- Diamond Power Infrastructure has secured a ₹435.71 crore order for supplying over 21.35 lakh meters of HT & LT cables for Hyderabad’s 310 MW data center projects, marking one of India’s larger single cable supply orders in the data center segment.
What Happened ?
Diamond Power Infrastructure Limited announced the receipt of a domestic supply order valued at ₹435.71 crore (excluding GST) from Larsen & Toubro (HYD22 & HYD23), Sterling & Wilson (HYD24 & HYD25), and Blue Star (HYD26).
The contract covers the supply of High Tension and Low Tension power cables for the 310 MW HYD22 to HYD26 data center projects located in Hyderabad, Telangana. Deliveries are scheduled to commence during the first week of August 2026 and will be completed in a staggered manner by March 2027.
The company noted that the order strengthens its position as a preferred supplier for mission-critical digital infrastructure projects in India.
Key Details
Order Details:
- Domestic order received from:
- Larsen & Toubro Ltd. (HYD22 & HYD23)
- Sterling & Wilson Ltd. (HYD24 & HYD25)
- Blue Star Ltd. (HYD26)
- Total contract value: ₹435.71 crore (excluding GST).
- Supply includes High Tension (HT) and Low Tension (LT) power cables.
- Delivery basis: DAP – Hyderabad.
- Pricing follows the IEEMA PV formula using April 2026 IEEMA indices as the base.
Project Scope:
- Supply of approximately 21.35 lakh meters of cables.
- Aggregate cable length exceeds 2,100 km.
- Quantity tolerance of +/-2% on total cable supply.
- Deliveries begin in August 2026 and conclude by March 2027.
Strategic Importance:
- Supports the electrical infrastructure for large-scale Hyderabad data center developments.
- Strengthens Diamond Power Infrastructure’s presence in the rapidly growing data center EPC ecosystem.
- Positions the company to benefit from increasing demand for specialized HT, LT, fire-survival, LSZH/FRLS, and high-current power cables.
- Reinforces the company’s standing as a supplier for mission-critical digital infrastructure projects.
Note:
- The announcement relates to a new order win. The company has not disclosed the expected impact on future quarterly revenue, margins, or profitability.
Risk Analysis
Summary:
- Although the order significantly strengthens the company’s order book, successful execution depends on timely manufacturing, logistics, project schedules, and commodity price movements under the contract’s price variation mechanism.
Key Risks:
- Revenue recognition depends on execution milestones through March 2027.
- Delays in customer project schedules could affect delivery timelines.
- Cable manufacturing requires efficient raw material procurement and production planning.
- Final realization may vary under the IEEMA price variation formula.
Worst Case:
- Execution delays, project deferments, or operational disruptions could postpone revenue recognition and affect order profitability.
Risk Level: Medium
Company Commentary
- The order validates Diamond Power Infrastructure’s manufacturing capability, quality systems, and delivery reliability for mission-critical infrastructure.
- Management described the project as one of the largest data center cable orders in the country.
- The company expects India’s expanding data center industry to create sustained long-term demand for specialized power cables.
- Diamond Power Infrastructure aims to execute the project within the committed delivery schedule while strengthening its leadership in digital infrastructure cable solutions.
Official Exchange Filing: Diamond Power Infrastructure Limited
