Key Highlights
- Diamond Power Infrastructure received multiple letters of intent from Adani group entities for cable supply orders.
- Total order value exceeds ₹160 crore including taxes across three separate contracts.
- Largest order worth ₹100.54 crore awarded by Adani Electricity Mumbai Limited.
- Additional orders include ₹43.26 crore from Adani Power Limited and ₹19.57 crore from Adani Green Energy Limited.
- Orders involve supply of power control and HT cables for domestic projects.
- Execution timelines range from immediate delivery within 15 days to February 2027.
Diamond Power Infrastructure Limited (DPIL) has announced that it has received multiple letters of intent (LoIs) from Adani group companies for the supply of cables, with a combined contract value exceeding ₹160 crore inclusive of taxes.
According to regulatory filings submitted under SEBI Listing Obligations and Disclosure Requirements Regulations, the company has secured three separate domestic orders from Adani Electricity Mumbai Limited, Adani Power Limited, and Adani Green Energy Limited.
The largest contract, valued at ₹100.54 crore, has been awarded by Adani Electricity Mumbai Limited for the supply of assorted sizes of high tension (HT) cables. This order is scheduled for execution between April 2026 and February 2027.
In addition, Adani Power Limited has issued a letter of intent worth ₹43.26 crore. The scope of this contract includes engineering, manufacturing, inspection, testing, packing, and transportation of power and control cables for Raipur Phase II thermal power projects in Chhattisgarh. The execution timeline for this order extends up to July 31, 2026.
A third order worth ₹19.57 crore has been received from Adani Green Energy Limited for the supply of cables. This contract is expected to be executed within 15 days from the issuance of the letter of intent.
All three contracts are classified as domestic in nature and have been awarded on an arm’s length basis. The company confirmed that none of the promoter or group entities have any interest in the awarding entities, and the transactions do not fall under related party transactions.
These order wins reinforce Diamond Power Infrastructure’s position in the cable manufacturing and power infrastructure segment, particularly in supplying critical components for energy and utility projects across India.