Diamond Power Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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Diamond Power Infrastructure Limited has received a Letter of Intent (LOI) from Adani Green Energy Limited for the supply of cables worth Rs. 19,57,11,313 (approximately Rs. 195.71 crore) inclusive of GST. The order is domestic in nature and is to be executed within 15 days from issuance. The company clarified that no promoter or group companies have any interest in Adani Green Energy, and the transaction does not fall under related party transactions. This is disclosed under Regulation 30 of SEBI Listing Regulations.
The order from a blue-chip customer like Adani Green Energy demonstrates strong demand for Diamond Power's cable products in the renewable energy sector. While the exact revenue impact depends on the company's total sales, this Rs. 195.71 crore order represents a meaningful contract win that could positively influence investor sentiment.