Diamond Power Order Win: Small-Cap Stock Jumps After ₹748 Crore Deal With Adani Green Energy

There are days in the small-cap space when a single announcement changes the mood entirely. Today felt like one of those days for Diamond Power.

The company landed a large supply order, and the stock reacted instantly—bringing fresh attention back to one of the most-watched names in the small-cap stocks segment.

The story isn’t new for the market, but the scale of the latest development is what stood out.

Market Performance: Small-Cap Stock Today Shows Sharp Uptick

Through the morning session, Diamond Power's share price climbed around 5%, touching ₹150 per share.

The move came right after the company disclosed its newest contract—one that adds meaningful size to its existing order book.

For a stock that has seen both sharp surges and quick corrections in recent months, this jump placed Diamond Power back on the radar for traders tracking multibagger stocks and high-activity small caps.

Main News: Diamond Power Bags ₹748 Crore Order

The company announced that it received a letter of intent from Adani Green Energy Limited.

The order focuses on supplying a large quantity of high-voltage and solar cables for key project sites in Khavda and Rajasthan.

Order Breakdown (Based on Reference Data)

• 33KV HV cables: 2,126 km
• 3.3 kV Solar MV cables: 3,539 km
• Total order value: ₹748 crore
• Execution timeline: 12 months starting January 2026

Diamond Power also clarified:

• The promoter group has no interest in the awarding entity.
• The order is not a related-party transaction.

And this wasn’t the only major order in recent weeks.

Earlier, the company secured another large order valued at ₹276 crore for supplying 7,668 km of AL-59 Zebra Conductor for the Khavda project. This makes the current contract the second significant order in less than a month.

Company Details: What Diamond Power Does

Diamond Power operates as a manufacturer in the power cable ecosystem, producing:

• LV cables
• MV cables
• EHV cables
• Conductors

These products form essential components across electricity transmission, distribution networks, power generation setups, and multiple industrial applications.

Its customer base includes:

• Government discoms
• Private discoms
• EPC contractors
• Industrial buyers
• Export markets

This widespread presence gives the company recurring participation in large-scale infrastructure and energy projects.

Diamond Power Share Price Trend

Market data from the reference shows a mixed performance pattern:

• The stock hit its 1-year high of ₹185 in July.
• Since then, it has undergone profit booking, with a 23% decline from that peak.
• Despite the short-term volatility, the longer-term move remains significant.
• Over the last two years, the stock delivered a sharp 1,220% return.
• It touched a fresh all-time high of ₹193.60 in October 2024.

The company itself came under new ownership through an NCLT resolution, transitioning to the GSEC-Monarch Group.

Summary

The latest Diamond Power order win—a ₹748 crore deal from Adani Green Energy—has once again pulled this small-cap name into the spotlight.

The execution commitment stretching over 12 months, combined with the earlier ₹276 crore order, shows a consistent flow of work from major energy projects.

For market watchers tracking small-cap stocks, multibagger stocks, or simply monitoring high-activity names with large order flows, Diamond Power’s latest update added one more data point to an already eventful year for the company.