Diamond Power Infrastructure Secures Rs. 55 Crore Order from Bondada
Filing Summary
Diamond Power Infrastructure Limited has received a letter of intent from Bondada Engineering Limited for the supply of power cables. The order is valued at Rs. 55,54,00,000, exclusive of GST. The contract is set to be executed between January 1, 2026, and July 31, 2026. The order is based on a “Kms rate basis with PV Formulae.” There is no interest from the promoter group in Bondada Engineering, and the transaction does not qualify as a related party transaction.
Diamond Power Infrastructure Limited has informed the exchange about receiving a letter of intent from Bondada Engineering Limited for the supply of power cables. The order is valued at Rs. 55,54,00,000, exclusive of GST. The execution period for this contract is from January 1, 2026, to July 31, 2026.
The order has been awarded on a “Kms rate basis with PV Formulae.” This indicates that the pricing structure is based on the distance covered, with adjustments as per the PV formula. The order is from a domestic entity, and it does not fall under the category of related party transactions. The promoter or promoter group of Diamond Power Infrastructure Limited does not have any interest in Bondada Engineering Limited.
Bondada Engineering Limited is an EPC contractor involved in engineering, procurement, and construction services. The company focuses on delivering infrastructure solutions across various sectors, including power and telecommunications.
Diamond Power Infrastructure Limited is engaged in the manufacturing and supply of power cables and other electrical infrastructure products. The company focuses on expanding its market presence by securing significant contracts in the power sector. Diamond Power aims to enhance its product offerings and maintain a robust supply chain to meet the demands of its clients.