Diamond Power Infrastructure has announced the receipt of a letter of intent from Adani Electricity Mumbai Limited for the supply of cables valued at ₹100,54,10,858, inclusive of GST. This significant order marks a substantial addition to the company’s portfolio, reinforcing its position in the domestic market.
The order entails the supply of assorted sizes of high-tension (HT) cables, which are scheduled to be delivered from April 2026 to February 2027. The contract, awarded by a domestic entity, underscores Diamond Power Infrastructure‘s capabilities in fulfilling large-scale orders for major utility companies.
The company confirmed that none of the promoter or promoter group companies have any interest in Adani Electricity Mumbai Limited, ensuring that the transaction does not fall under related party transactions. This order is part of Diamond Power Infrastructure’s ongoing efforts to expand its market presence and enhance its service offerings in the power infrastructure sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Aditya Bhagchandani before publication.