Diamond Power secures Rs 185 Crore conductor order from Adani Energy

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

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AI summary

Diamond Power Infrastructure has secured a Letter of Award worth Rs 185.16 Crore from Adani Energy Solutions for supplying AL59 aluminium alloy conductors. The order covers 1,050 km of AL59 Moose conductor for the Tuticorin project and 3,770 km of AL59 Zebra conductor for the Pune-III project. Deliveries run from July 2026 to February 2027. Pricing is variable, linked to aluminium LME and USD/INR rates, so the realised value may differ. The order is domestic and on an arm's length basis.

Likely market impact

Positive. Repeat order from a marquee customer boosts FY27 revenue visibility and reflects India's transmission capex growth. Pricing is variable.