Diamond Power Infrastructure Receives Rs. 43 Crore Order from Adani Power

Diamond Power Infrastructure Limited has informed the exchange about receiving a letter of intent from Adani Power Limited. The order involves the design, engineering, manufacturing, inspection, testing, packing, forwarding, transit insurance, transportation, and supply of various sizes of power and control cables. These cables are intended for the Raipur Ph-II Thermal Power Projects located in Chhattisgarh.

The total value of the order is approximately Rs. 43,26,10,349, inclusive of GST. The contract specifies that the work is to be completed by July 31, 2026. The order has been awarded by a domestic entity, and it is classified as a domestic contract.

According to the filing, there are no interests from the promoter, promoter group, or group companies of Diamond Power Infrastructure in Adani Power Limited. Additionally, the transaction does not fall under related party transactions.

Adani Power Limited is a major player in the Indian power sector, focusing on thermal power generation. The company is involved in developing, operating, and maintaining power projects across India, contributing significantly to the country’s energy needs.

Diamond Power Infrastructure Limited specializes in manufacturing power cables and related infrastructure solutions. The company focuses on providing comprehensive solutions for power transmission and distribution, catering to both domestic and international markets. Its strategic priorities include expanding its product range and enhancing operational efficiencies.