India, Sept. 15 -- The trend for Indian cities is to replace above-ground cables with underground ones, owing to increasing urbanization and the effort made by power distribution companies to reduce the number of lines that are vulnerable to weather and construction-related disruptions. The new award that Diamond Power Infrastructure received from Adani Electricity Mumbai Limited falls right into the category of cable usage that comes with more stringent requirements due to specific environmental conditions.

Shares of Diamond Power Infrastructure Ltd. were trading at Rs. 387.50, up 5 percent from previous close of Rs. 369.05. The stock opened at Rs. 381.00, reaching an intraday high of Rs. 387.50 and low of Rs. 375.00. The company curre...