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 from Tata Power Renewable Energy Limited for the supply of 869 km of AL-59 Eco Conductors. The total order value is Rs. 31.51 crore (inclusive of GST), to be executed within 4 months from the date of the Purchase Order. The order is from a domestic entity and does not fall under related party transactions, with no promoter or group company interest in Tata Power Renewable Energy. Tata Power Renewable Energy is a major player in India's renewable energy sector, which lends credibility to this contract. The disclosure was made under SEBI Listing Obligations Regulation 30.
This is a positive development for Diamond Power Infrastructure as it adds a meaningful order from a reputed renewable energy client, providing revenue visibility for the next few months. Shareholders should monitor execution timelines and whether further orders from the renewable energy segment follow.