Diamond Power Infrastructure shares hit a fresh 52-week high of Rs 240 on 8 July, even as the broader market fell over 2% for the day.

This strength did not come out of nowhere. Just two days earlier, on 6 July, the company had announced a large new order worth Rs 435.71 crore. That single order seems to have kept investor interest high through the week.

Here is what that order involves. Diamond Power will supply High Tension and Low Tension power cables for a set of data centre projects being built in Hyderabad.

These projects are being executed by major names in construction and infrastructure, including L&T, Sterling and Wilson, and Blue Star. In total, the company will deliver over 21 lakh metres of cabling.

Deliveries are set to begin in the first week of August 2026 and will continue in phases until March 2027.

This is significant because data centres need extensive and specialised cabling, and companies that can reliably supply this at scale stand to benefit as more such facilities get built across India.

On the numbers side, Diamond Power reported revenue of Rs 714.62 crore and a net profit of Rs 57.21 crore for the March 2026 quarter.

The company has also stated it holds an order book of around Rs 3,500 crore as of March 2026, with monthly order inflows in the range of Rs 250 to 275 crore.

The stock has had a remarkable run over the past year, climbing steadily from levels near Rs 116 just months ago. Diamond Power Infrastructure closed at Rs 231.60, up 2.80% for the day.

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