Diamond Power Secures Rs. 93 Crore Order from KPI Green Energy
Filing Summary
Diamond Power Infrastructure Limited has received a letter of intent from KPI Green Energy Limited for the supply of power cables. The order is valued at approximately Rs. 93 crore, inclusive of GST. The contract is domestic and will be executed by June 30, 2026. The order is based on a “Kms rate basis with PV Formulae.” There is no involvement of related party transactions, and the promoter group has no interest in KPI Green Energy. This update is in compliance with SEBI regulations.
Diamond Power Infrastructure Limited has informed the exchange about receiving a letter of intent from KPI Green Energy Limited for the supply of power cables. The order is valued at approximately Rs. 93 crore, inclusive of GST. The contract is awarded by a domestic entity and is scheduled for execution by June 30, 2026.
The order is structured on a “Kms rate basis with PV Formulae.” This indicates a pricing mechanism based on kilometers with a price variation formula. The transaction does not fall under related party transactions, and there is no interest from the promoter or promoter group in KPI Green Energy.
The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is accompanied by details as per SEBI Master Circular dated November 11, 2024.
KPI Green Energy Limited is an EPC contractor specializing in renewable energy projects. The company focuses on the development and execution of solar power projects, contributing to sustainable energy solutions.
Diamond Power Infrastructure Limited is engaged in the manufacturing of power cables and other electrical equipment. The company prioritizes expanding its market presence through strategic contracts and enhancing its product offerings in the power infrastructure sector.