Announced Thu, 16 Jul · 23:09 IST
Diamond Power bags Rs. 185 Crore conductor order from Adani Energy
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DIACABS · price
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Price reaction · full curve 14 horizons · vs prior close
+8.5%1-day move
₹225.49
prior close
₹229.50
base price
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AI summary
Diamond Power Infrastructure received a Letter of Award from Adani Energy Solutions valued at Rs. 185.16 Crore (Rs. 218.49 Crore with GST) for AL59 aluminium alloy conductors. The order covers 1,050 km of AL59 Moose for Tuticorin and 3,770 km of AL59 Zebra for Pune-III. Deliveries run July 2026 to February 2027. Pricing is variable, linked to aluminium LME and forex, so final value may differ. Not a related party deal.
Likely market impact
Major domestic order from a marquee customer strengthens FY27 revenue visibility and reflects India's transmission capex growth.