Archive · 13 Sep 2025
Diamond Power Aims for ₹10,000 Crore Revenue, Backed by Adani Ties
Imagine a small cable company called Dicabs that was struggling.
Then, a new company bought it and turned things around.
They now aim to make a lot more money by 2030.
This company is linked to a big group called Adani, as the owner's sister is married to a key person in the Adani Group.
Because of this connection, they've gotten many orders from Adani.
Dicabs plans to grow by making and selling more cables, and also by expanding to other countries.
The stock price has gone up a lot, but the main owners still own most of the company's shares.
Dicabs, a cable maker, targets ₹10,000 crore revenue by 2030.
GSEC Ltd acquired Dicabs from bankruptcy in 2022 for ₹500 crore.
Over 80% of recent orders are from Adani Group.
Company shares have increased over 500% in three years.
Dicabs plans international expansion and consumer brands.
- Who
- Diamond Power Infrastructure Ltd (Dicabs), backed by GSEC Ltd and Rakesh Ramanlal Shah.
- What
- Dicabs, a cable maker, aims for a ₹10,000 crore revenue target by 2030.
- When
- Since being acquired in 2022, Dicabs has experienced significant growth.
- Where
- Vadodara, India and internationally.
- Why
- Driven by association with Adani Group and strategic expansion plans.
- Company
- Diamond Power Infrastructure Ltd (Dicabs)
- Target Revenue (by 2030)
- ₹10,000 crore
- 2024-25 Revenue (Target)
- ₹1,115 crore
- Acquisition Cost (2022)
- ₹500 crore
- Share Price Increase (3 years)
- Over 500%
- Market Cap (Current)
- ₹7,917 crore