Diamond Power bags order worth around 263 crore from MSEDCL
DIACABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Diamond Power Infrastructure has received an order worth approximately 263.25 crore (inclusive of GST) from a domestic EPC contractor for supply of MV and LV XLPE underground power cables, overhead conductors and control cables to Maharashtra State Electricity Distribution Company (MSEDCL) for an urban power infrastructure project in the Bhandup region of Maharashtra. Pricing is variable and linked to aluminium, copper prices and currency. Manufacturing will happen at the company's Vadodara facility.
Strengthens order book from a state utility, positive for near-term revenue and reinforces DICABS position in urban distribution cabling.