Diamond Power Infrastructure has announced the receipt of a letter of intent from Adani Green Energy Limited for the supply of cables. The order is valued at ₹19,57,11,313, inclusive of GST, and is expected to be executed within 15 days from the issuance of the letter.
The order, awarded by a domestic entity, involves the supply of cables and does not fall under related party transactions. Furthermore, none of the promoter or promoter group companies have any interest in the entity that awarded the contract.
This development marks a significant business engagement for Diamond Power Infrastructure, further strengthening its position in the domestic market.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aditya Bhagchandani before publication.