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Adani Group is leading the race to acquire a stake in Diamond Power Infrastructure Ltd (DPIL).
The deets: based in Ahmedabad, DPIL is an end-to-end power infra player, making cables, conductors, transmission towers, and even executing turnkey projects. It has a market cap of ~₹5,000 crore and posted ₹343 crore in revenue for FY25.
Zoom out: Adani is ramping up FY26 capex to ₹1.4–1.45 trillion (up from ₹1.26T last year) and doubling down on vendor consolidation. DPIL fits perfectly into Adani’s strategy of securing supply chains across its power and infra empire.
Why it matters: for DPIL, the deal could be a breakout moment, with a target to scale 30x to ₹10,000 crore in three years, a deep-pocketed partner like Adani unlocks both capital and contracts.
