Diamond Power Infrastructure Secures Rs. 276 Crore Order from Adani
Filing Summary
Diamond Power Infrastructure Limited has received a letter of intent from Adani Energy Solutions Limited for the supply of 7,668 KM AL-59 Zebra Conductor for the Khavda Project. The order is valued at approximately Rs. 276 Crore, excluding taxes, and is to be executed by November 23, 2026. The contract is awarded on a “Kms rate basis with PV Formulae” and does not involve any related party transactions. This development is in accordance with SEBI regulations and has been disclosed to the exchanges.
Diamond Power Infrastructure Limited has informed the exchange about receiving a letter of intent from Adani Energy Solutions Limited. The order involves the supply of 7,668 KM AL-59 Zebra Conductor for the Khavda Project. The total value of the order is Rs. 276,05,92,602, excluding taxes. The contract is structured on a “Kms rate basis with PV Formulae” and is expected to be completed by November 23, 2026.
The order has been awarded by a domestic entity, Adani Energy Solutions Limited, and does not fall under the category of related party transactions. There is no interest from the promoter or promoter group of Diamond Power Infrastructure in the entity awarding the contract.
The disclosure of this order is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as the SEBI Master Circular dated November 11, 2024. The company has requested the exchange to take note of this information.
Adani Energy Solutions Limited is involved in providing energy solutions and infrastructure development. The company focuses on expanding its energy portfolio and enhancing its infrastructure capabilities to support large-scale projects.
Diamond Power Infrastructure Limited specializes in manufacturing and supplying power transmission and distribution equipment. The company is committed to delivering high-quality products and expanding its market presence in the power sector. Its strategic priorities include enhancing operational efficiency and securing significant contracts to drive growth.