Adani Group is in talks to acquire a stake in Diamond Power Infra Ltd as part of a strategy to tighten vendor control and support its 1.45 trillion capex push; deal likely in 60 days

Diamond Power Infrastructure Ltd. has gained 28.31% in the last 1 Year

Diamond Power Infrastructure Ltd.

24 Mar 2025, 01:56PM

162.85

-1.57%

Here's why Diamond Power Infra shares hit 5% upper circuit on Monday

Business Standard

The northward movement in Diamond Power Infrastructure's share price came on the back of news that the company has received a letter of intent worth 214.65 crore from Adani Green Energy

Promoters have decreased holdings from 90.00% to 84.02% in Jun 2025 qtr

Diamond Power Infrastructure Ltd.

17 Jan 2025

162.85

-1.57%

From 20 to 123: This small-cap multibagger stock surges over 500% in a year. Do you own?

livemint

Diamond Power Infrastructure has seen impressive stock growth, with a 516% increase over the past year and 4,400% over 16 months. The company, a major power cable manufacturer, is poised to benefit from rising demand in renewable energy, infrastructure projects, and electric vehicle markets.

Diamond Power Infrastructure Ltd. has gained 32.18% in the last 6 Months

Diamond Power Infrastructure Ltd.

18 Oct 2024

162.85

-1.57%

Multibagger Diamond Power Share Price Hits Record High After Board Approves Stock Split

NDTV Profit

Diamond Power said the share split is meant to enhance liquidity in the capital market and widen shareholder base.

Diamond Power Infrastructure Ltd. has gained 32.18% in the last 6 Months

Diamond Power Infrastructure Ltd.

15 Oct 2024

162.85

-1.57%

Diamond Power Share Price Hits Life High As Board To Meet To Consider Fundraising, Stock Split

NDTV Profit

Diamond Power Infrastructure Ltd.'s share price surged 5% to hit life high of Rs 1,661.70 apiece.

Diamond Power Infrastructure Ltd. has gained 67.71% in the last 3 Months

Diamond Power Infra To Consider Fundraising, Stock Split On Oct. 18

NDTV Profit | 14 Oct 2024

Diamond Power Infrastructure Ltd.

09 Oct 2024

162.85

-1.57%

Diamond Power Bags Rs 109 Crore Contract To Supply Power Cable To Swastika Infra

NDTV Profit

The contract is to be executed by March 2025.

Promoters have decreased holdings from 90.00% to 84.02% in Jun 2025 qtr

Diamond Power To Consider Stock Split After Over 2,700% Rally In One Year

NDTV Profit | 09 Oct 2024

Diamond Power Infrastructure Ltd.

11 Sep 2024

162.85

-1.57%

JPC urgent to probe full extent of corruption in Adani case: Congress

Business Standard

The Congress on Wednesday reiterated its demand for a Joint Parliamentary Committee probe into the Adani issue, saying it is needed urgently to unearth the full extent of the corruption, monopolisation and glaring gaps in the country's regulatory system. Congress general secretary in-charge communications Jairam Ramesh cited a media report and said the latest in the "Modani magic" is the rags-to-riches journey of a private power infrastructure firm. "Diamond Power Infra Ltd was dragged to bankruptcy court in 2018. By 2022, it was taken over by Mr Gautam Adani's brother-in-law, at the price of paying Rs 501 crore to the lenders, for a company with a market cap of Rs 1,000 crore," Ramesh said in a post on X. "The firm had zero business in 2022, but by 2023-24, it had revenue of Rs 344 crore -- largely from orders placed by the Adani Group businesses. Thanks to Mr Adani's business, Diamond Power Infra Ltd is now valued at Rs 7,626 crore, a seven-fold increase in valuation," he...