Diamond Power Infrastructure Shares Surge 10% on Hyderabad Data Center Contract Diamond Power Infrastructure’s shares surged 10% on Monday, driven by news of a 435 crore rupees contract for Hyderabad data center projects. The company announced the work order for high-tension and low-tension power cables for the HYD22 to HYD26 data center projects, marking its largest cable supply order in India. The stock closed at 218.40 rupees, surpassing its 52-week high of 219 rupees. The contract, valued at 435.71 crore rupees, includes power cable installations for the data center segment, a critical area for infrastructure development. The company highlighted this as its biggest order in the country, signaling strong demand for its services in the tech infrastructure sector. The stock’s rally followed a broader market uptick, with Diamond Power Infrastructure’s shares showing a 53% rise in the past year and a 72% surge over two years. Historically, the stock has delivered exceptional returns, with a 114,847% increase over three years and 218,300% over five years, significantly outperforming the Sensex’s 48% gain in the same period. Investors holding the stock for a decade have seen a 4627% return. The company’s market capitalization stands at 11,509.05 crore rupees. Following a 10-fold share split in 2024, the face value of shares dropped from 10 rupees to 1 rupee, making the stock more accessible to retail investors. Promoters hold 84.02% of the equity, while the public owns 15.98%. Notably, the company has not declared dividends since 2013, focusing instead on reinvestment to fuel growth. Analysts view the Hyderabad contract as a pivotal milestone, positioning Diamond Power Infrastructure as a key player in India’s expanding data center landscape.#hyderabad #sensex #diamond_power_infrastructure #hyd22 #hyd26
