Diamond Power Infrastructure Limited has informed the Exchange about additional details of letter of Intent
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Diamond Power Infrastructure has shared additional details of a Letter of Intent received for orders aggregating Rs. 116.71 crore, originally disclosed via press release on June 13, 2025. The orders are for supply of cables for Battery Energy Storage Systems, Smart metering, and a Highway project, and are to be executed by March 31, 2026. Four domestic entities have awarded the orders: Adani Green Energy Limited (Rs. 60.26 crore), Brilltech Engineers Private Limited (Rs. 20.69 crore), Capital Electech Private Limited (Rs. 19.95 crore), and Tulsi Electricals and Switchgears (Rs. 15.81 crore). The pricing is on a per-km rate basis with PV formula, and none of the awarding entities have any connection to the company's promoters or group companies.
This is a positive development for shareholders as it confirms a sizeable Rs. 116.71 crore order book addition from reputed clients including Adani Green Energy, with execution spread till March 2026 providing revenue visibility. The non-related-party nature and domestic clientele reduce execution risk, though cable supply is a competitive segment and margin terms depend on the PV formula.