Diamond Power Infrastructure Limited has announced the receipt of a Letter of Intent (LOI) for a major order worth ₹109.39 crore from Swastika Infra Private Limited, a contractor of Madhya Gujarat Vij Company Limited (MGVCL). The order pertains to the supply of 11KV 240 sq. mm XLPE aluminum 3-core power cables under the MGVCL schemes.
The project is set to be executed by March 2025, further strengthening Diamond Power’s footprint in the domestic market. The company, known for its robust, innovative, and energy-efficient products, continues to solidify its position as a leader in the power infrastructure sector.
Diamond Power Infrastructure Limited is one of India’s oldest and largest manufacturers of power cables and conductors, with an installed capacity of over 2,50,000 MT per annum of conductors. With an order book valued at ₹1,505 crore, the company is on track to re-commission its production facility by June 2025.