Diamond Power Infrastructure announced the commencement of commercial production of first rod mill to manufacture Next Generation AL 59 Wire Rods.

DICABS NextGen Special Alloys, wholly owned subsidiary company is setting up a Green Field project comprising of 3 rods mills with daily capacity of 250 Mt per day i.e. 7500 Mt per month at an estimated cost of Rs. 55 crore, the mills will produce next generation Aluminum Based alloys which are high efficiency conductors for Transmission of Power.

At Present, the Company operates its own mill with a capacity of 1200 Mt per month, with addition of this mill the company's conductor top line will increase substantially. 

The current annual demand for AL 59 conductors in the country is approximately 1,000,000 MT. 

However, there are only five manufacturers with integrated rod mills, which are crucial for producing high-quality AL 59 conductors. 

These manufacturers have a combined capacity of 500,000 MT per year