Vadodara-based Diamond Power Infrastructure Ltd (Dicabs) firm backed by Gautam Adani’s family has unveiled Vision 2030, aiming to double its revenue and market share, secure a top-five position across product categories, and emerge as one of the fastest-growing cable companies in India over the next three years.
DPIL manufactures low voltage, medium voltage, high and extra-voltage cables, conductors and transformers under the Dicabs brand. The company also offers turnkey services and serve industries such as infrastructure, oil & gas, and power.
The integrated power transmission and distribution equipment manufacturer reported a 692% jump in net profit to ₹50 crore for the December quarter, while revenue rose 54% to ₹474 crore compared with the year-ago period.
As part of Vision 2030, the company plans to deliver higher double-digit revenue growth in the coming years to tap rising domestic and global demand. It also aims to secure approvals from leading industry users and top certification agencies for its products.
Dicabs targets a double-digit market share across all product categories and plans to rank among the top five players in each segment.
Over the next two years, the company will undertake capex to expand capacity and strengthen its product portfolio. This includes investments in retail-oriented low-tension cables aligned with new building codes to reach 3,000 km per month, development of high-power conductors such as GAP, ECO and carbon-core for higher ampacity transmission, and debottlenecking medium-voltage cable capacity from 900 km to 1,500 km per month.
Dicabs market expansion roadmap focuses on niche products, higher-voltage solutions, retail, data centres, new-energy segments and exports, while aiming to expand its customer base from 275 to 2,000 within two years.
Recently, it bagged a letter of intent from EPC contractor KPI Green Energy Ltd, for supply of power cables worth ₹93 crore.
Diamond Power Infra Eyes 2X Growth In Revenue, Market Share By 2030
