Diamond Power Infrastructure Secures Rs. 52 Crore Order from Enrich Energy
Filing Summary
Diamond Power Infrastructure Limited has received a letter of intent from Enrich Energy Private Limited for the supply of power cables. The order is valued at approximately Rs. 52 crore, inclusive of GST. The contract specifies a “Kms rate basis with PV Formulae” and is expected to be executed by May 2026. The transaction does not involve any related party transactions, and no interest from the promoter group is reported. This order is part of Diamond Power’s ongoing business activities in the domestic market.
Diamond Power Infrastructure Limited has informed the exchange about receiving a letter of intent from Enrich Energy Private Limited. The order involves the supply of power cables valued at approximately Rs. 52 crore, inclusive of GST. The order is structured on a “Kms rate basis with PV Formulae” and is expected to be completed by May 2026.
The order was awarded by a domestic entity, and it does not fall under the category of related party transactions. There is no interest reported from the promoter or promoter group in the awarding entity. The company has confirmed that the transaction is conducted at arm’s length.
The details of the order were disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary information as per the SEBI Master Circular dated November 11, 2024.
Enrich Energy Private Limited is engaged in the renewable energy sector, focusing on sustainable energy solutions. The company is involved in various projects that aim to enhance energy efficiency and promote the use of clean energy sources.
Diamond Power Infrastructure Limited specializes in the manufacturing of power cables and related infrastructure products. The company focuses on expanding its market presence in the domestic sector and enhancing its product offerings to meet the growing demand for power infrastructure solutions.