Diamond Power Infrastructure Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Govt Defence OrderBusiness Updates View source PDF

DIACABS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+2.0%1-day move

₹123.01

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₹121.38

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AI summary

Diamond Power Infrastructure has received a letter of intent from Uttar Gujarat Vij Company Limited (UGVCL), a Gujarat state power distribution company, for the supply of 453 km of cables. The total order value is Rs. 43,93,97,438 (about Rs. 43.94 crores) inclusive of GST. The order is domestic and must be executed over 7 months in equal monthly lots, starting after a 45-day commencement period from the date UGVCL accepts the letter. The company has confirmed there is no related party involvement and promoters have no interest in UGVCL.

Likely market impact

This is a fresh order from a state-owned power utility, providing visible revenue over the next 7-8 months. For a small-cap cable manufacturer, an order of this size is meaningful for order book growth, though it remains a letter of intent (not yet a confirmed supply contract). Shareholders should watch for the formal contract and execution progress.