Diamond Power Infrastructure receives orders worth Rs 116.49 cr
GST Council is in focus in a taxation development.
21 Sept 2026 · Business Standard Mkts
Diamond Power Infrastructure has secured orders aggregating Rs 116.49 crore (including GST; Rs 98.72 crore excluding GST) for the supply of 11 kV XLPE insulated medium voltage power cables. The orders have been received directly from a Gujarat-based EPC contractor executing underground cabling projects for state power distribution companies in Gujarat.
The analysis
GST Council reported Rs 116.49 cr, Rs 116.49 crore and Rs 98.72 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
This is a Tax / tariff / duty event. Duty and incentive changes reset landed cost and competitive position immediately, and unlike demand shifts they arrive on a known date.
Why it matters
- Tax changes flow through to post-tax earnings and can shift the relative appeal of entire asset classes.
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
- With GST Council involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sector exposure: Power.
In this story
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