Diamond Power Infrastructure, a leading manufacturer of power transmission and distribution cables and conductors, has crossed a market capitalisation of ₹10,000-crore mark on the back of a strong rally in stock price.
Once a bankrupt entity under insolvency proceedings, Diamond Power is now a key player supplying critical components for power evacuation, renewable energy projects, transmission lines and industrial applications.
The stock attracted investors attention on the back of a robust order book, strategic capacity expansion and deep ties to India’s booming power infrastructure sector. Shares have surged 35 per cent in the last one month with 1 year returns at 102 per cent.
The company produces a range of products including low, medium, high and extra-high-voltage cables up to 400 kV.
In 2022, the company was acquired through the NCLT process by GSEC Ltd for around ₹500 crore, when its market capitalisation stood at about ₹1,000 crore. Under the new promoter oversight, Diamond Power shares have risen over 500 per cent in three years, with the market cap rallying to over ₹10,000 crore.
