Shares of Diamond Power Infrastructure moved higher after the company announced that it has received a power cable supply order from an EPC (Engineering, Procurement and Construction) contractor.
Key details
- The order involves the supply of power cables, reinforcing the company’s presence in the power transmission and distribution segment
- The contract adds to Diamond Power’s order book, improving near-term revenue visibility
- Investor sentiment improved on expectations of steady execution and cash-flow support from the order
Why the stock reacted
- Power and infrastructure-related stocks remain in focus amid continued investment in transmission and renewable projects
- Any fresh order win is seen as positive for Diamond Power, which has been working on operational revival and balance-sheet stability
- The announcement signals business momentum, especially in core cable manufacturing operations
Overall, the stock gained as markets interpreted the order as a positive fundamental trigger, supporting growth prospects in the power infrastructure space.
