Diamond Power Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DIACABS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Diamond Power Infrastructure has received a letter of intent from KPI Green Energy Limited, an EPC contractor, for the supply of power cables valued at Rs. 93.08 crores (inclusive of GST). The order is placed on a per-kilometre rate basis with a price variation formula and is to be executed by June 30, 2026. The order is from a domestic entity and is not a related party transaction, with no promoter or group company interest in KPI Green Energy. KPI Green Energy operates in the renewable energy EPC space, suggesting the cables will likely be used in solar or wind power projects.
This is a sizeable single order for the company and supports its order book visibility in the cables segment, particularly from the growing renewable energy EPC sector. Positive for near-term revenue, though the stock reaction will depend on the order's size relative to Diamond Power's annual revenue.