Diamond Power Infrastructure Secures Rs. 31 Crore Order from Tata Power
Filing Summary
Diamond Power Infrastructure Limited has informed the exchange about receiving a letter of intent from Tata Power Renewable Energy Limited. The order involves the supply of 869 km of AL-59 Eco Conductors valued at approximately Rs. 31 crore, inclusive of GST. The contract specifies a completion timeline of four months from the purchase order date. This transaction does not involve any related party transactions, and no interest from the promoter group is reported. The order is part of Diamond Power’s ongoing business operations in the domestic market.
Diamond Power Infrastructure Limited has announced the receipt of a letter of intent from Tata Power Renewable Energy Limited. The order pertains to the supply of 869 km of AL-59 Eco Conductors. The total value of the order is Rs. 31,51,08,490, inclusive of GST.
The conductors are to be supplied within a period of four months from the date of the purchase order. The order is classified as a domestic transaction, with no involvement of international entities. The company has confirmed that the order does not fall under related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
The transaction is conducted under the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary disclosures as required by the SEBI Master Circular dated November 11, 2024.
Tata Power Renewable Energy Limited is a subsidiary of Tata Power, focusing on renewable energy solutions. The company is involved in the development and management of renewable energy projects, including solar and wind power generation.
Diamond Power Infrastructure Limited specializes in the manufacture and supply of power transmission and distribution equipment. The company focuses on providing innovative solutions to meet the growing demands of the power sector. Diamond Power continues to expand its product offerings and strengthen its position in the domestic market.