Diamond Power Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 5.8 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.
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Diamond Power Infrastructure has received a Letter of Intent from Larsen & Toubro Limited (Construction division) for the supply of power cables worth Rs. 72.51 crores (exclusive of GST). The order is priced on a per-kilometre basis with PV (price variation) formulae. The order is domestic in nature and is to be executed between January 6, 2026 and September 30, 2026. The company has clarified that there is no promoter or related party interest in L&T, and the transaction is not a related party transaction. The order has been filed under SEBI Regulation 30 disclosure requirements, indicating it is considered material by the company.
This is a meaningful new order win from a reputed client, which should support the company's revenue visibility over the next 9 months. For a relatively small company like Diamond Power, an order of this size is significant and could be a positive sentiment trigger, though actual revenue recognition depends on execution and delivery timelines.