Diamond Power Infrastructure Secures Rs. 66 Crore Order from Hild Projects
Filing Summary
Diamond Power Infrastructure Limited has received a letter of intent from Hild Projects Private Limited for the supply of power cables. The order is valued at approximately Rs. 66 Crore, excluding GST. The contract is to be executed between January 1, 2026, and June 30, 2026. The order is based on a “Kms rate basis with PV Formulae.” There is no interest from the promoter group in Hild Projects, and the transaction does not fall under related party transactions.
Diamond Power Infrastructure Limited has informed the exchange about the receipt of a letter of intent from Hild Projects Private Limited. The order involves the supply of power cables valued at approximately Rs. 66 Crore, exclusive of GST. This transaction is disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order from Hild Projects, an EPC Contractor, is structured on a “Kms rate basis with PV Formulae.” The execution period for this contract is set from January 1, 2026, to June 30, 2026. The order is awarded by a domestic entity, and there is no involvement of international parties in this transaction.
There is no interest from the promoter or promoter group of Diamond Power Infrastructure in Hild Projects. Additionally, this order does not qualify as a related party transaction, ensuring compliance with regulatory requirements.
Hild Projects Private Limited is an EPC Contractor engaged in various infrastructure projects. The company focuses on delivering engineering, procurement, and construction services across different sectors.
Diamond Power Infrastructure Limited specializes in manufacturing and supplying power cables and related products. The company is committed to expanding its market presence and fulfilling significant contracts in the power infrastructure sector.