Diamond Power Secures Rs 748 Crore Order from Adani Green
Filing Summary
Diamond Power Infrastructure Limited received a Letter of Intent from Adani Green Energy Limited for a contract valued at approximately **Rs 748 crore**, excluding GST. The order is for the supply of 2126 kms of 33KV HV Cables and 3539 Kms of 3.3KV Solar MV Cables for projects in Khavda and Rajasthan. The execution period for the domestic contract is scheduled from January 2026 to December 2026. The company confirmed the order does not constitute a related party transaction.
Diamond Power Infrastructure Limited has received a Letter of Intent from Adani Green Energy Limited. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The total consideration for the order is Rs 747,64,01,400, which is approximately Rs 748 crore. This amount is exclusive of Goods and Services Tax (GST). The filing specifies that the purchase order has been awarded on a “Kms rate basis with PV Formulae”.
The scope of the contract involves the supply of 2126 kms of 33KV HV Cables. Additionally, the company will supply 3539 Kms of 3.3KV Solar MV Cables. These materials are designated for the Khavda and Rajasthan Project.
The time period stipulated for the execution of the order is from January 2026 to December 2026. The order was awarded by a domestic entity.
The company filing confirmed that the transaction does not fall within the definition of related party transactions. It was also stated that none of the Promoter, Promoter Group, or Group Companies of Diamond Power Infrastructure Limited have any interest in Adani Green Energy Limited.
Adani Green Energy Limited is an Indian renewable energy company. The company develops, builds, owns, operates, and maintains utility-scale grid-connected solar and wind farm projects. It is a key entity in India’s transition towards sustainable energy sources.
Diamond Power Infrastructure Limited operates in the power transmission and distribution sector. The company’s primary business involves the manufacturing of a range of power equipment, including cables, conductors, and transformers. It serves various clients in the power and infrastructure industries.