Diamond Power Infra bags Rs 58-cr cable supply order from Rajesh Power Services

The purchase order has been awarded on a 'kms rate basis with PV formulae' and is to be executed between 1 January 2026, and 30 June 2026.

The order has been awarded by a domestic entity, and the company confirmed that neither its promoters nor related parties have any interest in the awarding entity. The contract does not fall under related-party transactions.

Diamond Power Infrastructure is engaged in the business of manufacturing transmission & distribution of power products & services in India. The company's consolidated net profit zoomed 593.3% to Rs 27.73 crore on a 75.1% surge in net sales to Rs 438.33 crore in Q2 FY26 over Q2 FY25.

Rajesh Power Services provides consultancy to state transmission and distribution companies, private utilities, and industries. The company's consolidated net profit surged 119.84% to Rs 58.06 crore on a 103.74% jump in net sales to Rs 637.81 crore in Q2 FY26 over Q2 FY25.

Shares of Diamond Power Infrastructure rose 0.61% to Rs 140.50, while Rajesh Power Services shares declined 0.23% to Rs 1,083 on the BSE.

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