<h1>Diamond Power Infrastructure Secures ₹195.48 Crore Order for MV Cables for PGVCL's Coastal Projects</h1>
Diamond Power Infrastructure Limited (DICABS) has received two significant purchase orders from Rajesh Power Services Limited (RPSL), totaling an aggregate basic value of ₹195.48 crore, for the supply of 11 kV Medium Voltage (MV) underground power cables. The materials are destined for projects executed by Paschim Gujarat Vij Company Limited (PGVCL), a Government of Gujarat power distribution utility, aimed at strengthening disaster resilience and urban development in Gujarat.
The orders cover work under PGVCL's State Disaster Mitigation Fund (SDMF) scheme and the System Improvement (SI)/Urban Underground programme. The cables, which are designed to convert overhead distribution networks into underground cable systems, will be manufactured by DICABS and executed over the next 12 months.
The two purchase orders detail distinct projects focused on coastal resilience and urban reliability across Gujarat.
| Project / PO Number | Scheme | Approx. Cable Length | Purpose | Order Value (Basic) |
|---|---|---|---|---|
| PO No. PO26-27/582 | Disaster Management (SDMF) | 645 km | Underground cabling in coastal areas | ₹98.21 crore |
| PO No. PO26-27/584 | System Improvement (SI)/Urban Underground | 725 km | Urban underground cabling works | ₹97.27 crore |
The orders pertain to the supply of 11 kV, 3-core Aluminium XLPE Armoured cables in sizes ranging from 95 sq mm to 300 sq mm. These projects are crucial for improving the reliability and safety of power supply networks, particularly in coastal districts prone to cyclones.
According to statements from DICABS, Mr. Kavish Shah, Vice President of Corporate Strategy, noted that the contracts reinforce the company's leadership in medium-voltage cables. He added that with nearly 1,370 km of 11 kV cables to be delivered, the orders add meaningful visibility to the order book from the state utility segment.
The terms for the projects include a payment schedule of 100% within 30 days from the receipt of the invoice. The materials will be manufactured at the company's integrated facility in Vadodara, Gujarat, and delivered according to the finalized schedules with PGVCL.
DIACABS Stock Price Movement
Today, shares of Diamond Power Infrastructure Limited edged higher to close at ₹362.00 after a gain of 0.43%, as the stock traded within a tight intraday range and saw around 1.12 million shares transact.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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