Diamond Power gets Rs 747 cr LoI from Adani Green for solar cables

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹143.00

prior close

₹148.65

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%+2.2% vs market

Other Electrical Equipment peers, median of 43sector-0.5%+1.6% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-1.1+2.2-0.5+1.6

Next day

-0.7-3.5+2.8-3.3+2.6

-0.7-1.6+0.9-3.2+2.5

-3.1-2.2-1.0-3.2+0.0

-3.1-1.8-1.4-3.2+0.1

-1.7-1.5-0.3-1.9+0.2

-1.8-1.6-0.2-2.6+0.8

15d

-3.5-2.0-1.5-4.1+0.6

-0.2+0.7-0.9-4.7+4.5

-12.1-3.8-8.3-7.2-4.9

-3.8-9.8+5.9-12.9+9.1

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 43Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Diamond Power Infrastructure has received a Letter of Intent from Adani Green Energy for supply of 33KV HV Cables (2126 km) and 3.3KV Solar MV Cables (3539 km) for the Khavda and Rajasthan projects, valued at Rs 747.64 crore excluding GST. The order is to be executed between January 2026 and December 2026, on a per-km rate basis with a PV formula. It is a domestic order with no promoter or related party interest.

Likely market impact

Large order from a major renewable energy player boosts FY26 revenue visibility. Positive for stock sentiment subject to execution.