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 Electricity Mumbai Limited for the supply of cables worth Rs. 45,47,45,592 (approximately Rs. 454.75 crore), inclusive of GST. The order is domestic, with execution scheduled from May 2026 to May 2027. The company clarified that no promoter, promoter group, or group companies have any interest in Adani Electricity Mumbai Limited, and the order does not fall under related party transactions. This is a significant order for cable supply, likely for infrastructure or power distribution projects.
This order represents substantial new business for Diamond Power Infrastructure, providing revenue visibility over the next year. While the company is not among the largest cable manufacturers, this Rs. 454.75 crore order could have a meaningful positive impact on the company's revenue and cash flows.