Diamond Power Infrastructure has announced the receipt of a significant order from Adani Electricity Mumbai Limited for the supply of cables valued at ₹45,47,45,592, inclusive of GST. This development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order, which involves the supply of cables, is set to be executed over a 12-month period, commencing in May 2026 and concluding in May 2027. The contract was awarded by a domestic entity, Adani Electricity Mumbai Limited, and does not fall under the category of related party transactions, as confirmed by Diamond Power Infrastructure.
The company has clarified that none of its promoters, promoter groups, or group companies have any interest in the entity that awarded the contract. This ensures that the transaction is conducted at arm’s length and adheres to regulatory requirements.
This order marks a significant achievement for Diamond Power Infrastructure, reflecting its capability to secure substantial contracts in the domestic market. The company’s focus on delivering quality products and services continues to strengthen its position in the industry.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).