### **Overview** Diamond Power Infrastructure Limited (DICABS), formerly known as DPIL (Diamond Power Infrastructure Ltd), is India’s largest single-location manufacturer of power cables and conductors and a fully integrated provider of power transmission and distribution (T&D) equipment. Headquartered in Vadodara, Gujarat, the company operates across the entire T&D value chain — manufacturing **conductors, power cables (LV, MV, EHV), transmission towers**, and transformers. Originally established in 1970 as an ACSR conductor manufacturer, DICABS has evolved over five decades into one of India’s most prominent and vertically integrated power infrastructure companies. Acquired via the NCLT resolution process in September 2022 by the **GSEC-Monarch Group**, the company is currently undergoing a strategic revival under "Project Rejuvenate," with full recommissioning of its 110-acre integrated facility expected by **September 2025**. In 2024, DICABS became part of the **Adani Group**, unlocking significant synergistic growth through large volume orders and enhanced market access. --- ### **Business Segments & Core Offerings** DICABS organizes its operations around three core verticals: 1. **Conductors**: - Full range of aluminum-based overhead conductors including AAC, AAAC, ACSR, ACAR, AL-59, and specialty conductors like **HTLS (High-Temperature Low-Sag)** and **TS (Twisted Strand) conductors**. - India’s first BIS Mark holder for alloy conductors; pioneer in AL-59 and HSHC conductor technology. - Total conductor capacity: **250,000 MTPA**, with **100,000 MTPA** dedicated to high-conductivity AL-59 conductors. - Supplied over **1 million km of conductors** across national and state grid projects, railways, renewables, and international markets. 2. **Power Cables**: - Manufactures **LV (up to 3.3 kV), MV (up to 132 kV), and EHV cables (up to 400 kV)** using advanced CCV (Continuous Curing Vulcanization) technology. - Installed annual cable capacity: - **34,300 CKM** (LV) - **19,500 km** (MV) - **2,000 km** (EHV) - Produces fire-resistant, halogen-free, instrumentation, control, solar DC, BESS, and EV charging cables compliant with IS/IEC standards. 3. **Transmission Towers**: - Commissioned a new **48,000 TPA tower manufacturing plant** in FY25 to deliver end-to-end transmission solutions. - Caters to inter-state transmission systems, Green Energy Corridors, and private EPC projects. --- ### **Manufacturing & Backward Integration** DICABS owns India’s **largest single-location power infrastructure plant** in **Vadavala, Savli, Vadodara**, spanning 110 acres. The facility enables full **backward integration** and scale efficiency. - **DICABS NexGen (Subsidiary)**: Established with ₹60 crore capex and ₹150 crore working capital to secure raw material supply. - Setting up **four integrated aluminium rod mills** (total capacity: **100,000 MTPA**). - **Three mills already commissioned** (as of Aug 2025): - Two operational (total capacity: 73,200 MTPA) - One scheduled for July–Oct 2025 - Focus: Secure supply for **next-gen AL-59 and HTLS conductors**, reducing dependence on external vendors and mitigating commodity price volatility. - **Copper Cables Facility**: Under commissioning to diversify product offerings and meet growing industrial demand. --- ### **Technology & R&D** - **NABL-accredited 1,200 kV High-Voltage Laboratory**: One of India’s most advanced, enabling in-house **R&D, type testing, and product certification** for EHV cables and conductors. - Collaborations with **CPRI, ERDA, NSIC, CEPRI (China), SABS (South Africa)** for product validations. - Developing dedicated lab-scale facilities for testing **HTLS, anti-theft, and corrosion-resistant conductors**. - Strategic **global technology partnerships**: - **TS Conductor (USA)**: Licensed manufacturing, marketing, and deployment of **high-performance, energy-efficient HTLS and carbon-core conductors** in India and the Middle East. - Technology enables **double power transfer**, reduced sag, lower losses — ideal for reconductoring in space-constrained corridors. - **ATOM Energy (UAE)**: Joint branding for EHV, MV, and solar cables; targeting exports to UAE, Oman, and Saudi Arabia. --- ### **Brands & Market Positioning** DICABS has launched customer-centric brands to address diverse market segments: - **DICABS URJA**: - Dedicated brand for **LV and control cables** (1.1–3.3 kV), including FRLS, FR, and XLPE cables. - Targets domestic wiring, industries, infrastructure, and commercial real estate. - **URJAFLEX**: - Flexible multicore cables for industrial and residential applications. - **DICABS Renew**: - Specialized cables for **solar, wind, BESS, and EV charging**. - Includes **UV-resistant solar DC/AC cables**, **BESS thermal-vibration resilient cables**, and **Type 2/CCS2-compliant EV charging cables**. - Aligns with India’s renewable energy goals (175 GW by 2025, 500 GW by 2030). - **CREDAI National Cable Partner (2025–26)**: - Strategic tie-up to supply IS-compliant cables for real estate projects nationwide, strengthening B2B distribution. --- ### **Capacity Expansion & Growth Initiatives (2024–2027)** DICABS is investing aggressively to scale capacity and capture rising demand: - **Cables**: - Added **10 new MV cable lines** (2 already commissioned in FY25), increasing annual capacity by **8,000+ km**. - Target: **100% utilization by FY 2026–27**; **double cable revenues by FY 2027–28**. - Expansion of **compounding, extrusion, and sheathing lines** to enhance vertical integration. - **Conductors**: - Focus on **HTLS, MVCC, and AL-59** — high-growth, high-margin segments. - Target: **35% CAGR in HTLS & specialty conductors by FY 2027**. - **Towers**: - 48,000 TPA plant launched to provide integrated solutions. - **Distribution Network**: - Building a **pan-India B2B distribution network** with **state-wise distributors** across 28 states/UTs by FY 2025–26. - Deployed **CRM & Channel Management platform** to serve 500+ distributors with real-time order tracking and pricing transparency. - Regional warehouses enable **72-hour delivery** to Tier 1 & 2 industrial hubs. --- ### **Financial Performance & Order Book** - **FY25**: Achieved **record revenue and PAT**, with **225% YoY growth**, driven by strong order inflows from Adani Group and domestic utilities. - **Outstanding Orders (Aug 2025)**: - **Cables**: ₹706 crore - **Conductors**: ₹1,849 crore (AL-59 61-Strand) + ₹700 crore under finalization - **Pending Bids**: ₹7,491 crore across voltage categories - **Total Pipeline Value**: ₹9,046 crore (orders + finalization + bids) - **Major Contracts**: - **₹1,349 crore order** from Adani Energy Solutions (delivery by June 2028) - **₹41.13 crore** for 33kV HT cable supply to Khavda Wind Power Project (Gujarat) --- ### **Sustainability & Operational Efficiency** - **Green Manufacturing**: - Recommissioned **three 2.1 MW wind turbines** and installing rooftop solar – projected annual power cost savings: **₹24 crore**. - **100% circular processes**: Full reuse of **scrap, water, and by-products**. - **Raw Material Risk Mitigation**: - Backward integration through rod mills insulates against **volatile copper and aluminium prices**. - Copper prices expected to grow at **3–5% CAGR (FY2026–30)**; aluminium to remain stable with moderate upward bias.