Shares of small-cap multibagger Diamond Power Infrastructure are likely to remain in focus on Monday, December 29, after the company announced a fresh order win worth ₹66 crore, according to an exchange filing.
In a regulatory disclosure made on Saturday, December 27, Diamond Power Infrastructure said it has received a letter of intent (LoI) worth ₹66.18 crore from Hild Projects Pvt. Ltd for the supply of power cables. The order value is exclusive of goods and services tax (GST).
The company stated that Hild Projects is acting as the EPC contractor for the project. The contract will be executed on a kilometre-rate basis and is scheduled to commence on January 1, 2026, with completion expected by June 30, 2026.
“This is to inform that the company has received a letter of intent from Hild Projects Private Limited for the supply of power cables worth ₹66.18 crore, exclusive of GST,” Diamond Power Infrastructure said in its filing.
Strong order momentum in December
The latest order adds to a series of contract wins secured by the company this month. Earlier in December, Diamond Power Infrastructure received a ₹55.54 crore letter of intent from Bondada Engineering on December 17. A day earlier, it bagged a ₹57.58 crore order from Rajesh Power Services, while Amara Raja Infra awarded the company a ₹75.13 crore contract on December 11.
The largest order announced during the month was a ₹747.64 crore letter of intent from Adani Green Energy for the supply of power cables to its Khavda and Rajasthan projects, significantly strengthening the company’s order book.
Stock performance
Diamond Power Infrastructure shares ended Friday’s session marginally lower, closing at ₹139.95 on the BSE, down 0.74% from the previous close of ₹141.
Despite recent volatility, the stock has delivered exceptional long-term returns, gaining over 5,100% since its listing in 2023. However, the share price has declined more than 8% over the past year. On a year-to-date basis, the stock is down 9.22% in 2025 and has slipped 1.53% over the past month.
The stock touched its 52-week high of ₹185.10 on July 17, 2025, while its 52-week low stood at ₹81 on March 4, 2025. As of December 26, 2025, the company’s market capitalisation was approximately ₹7,375 crore.
With a steady flow of new orders, investors will closely watch how these developments impact the company’s execution capabilities and future earnings trajectory.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Readers should consult a qualified financial advisor before making any investment decisions.
