Ahmedabad, India – November 24, 2025 – In a significant development bolstering its order book and market position, Diamond Power Infrastructure Limited (BSE: 522163, NSE: DIACABS) today announced it has received a prestigious Letter of Intent (LoI) from Adani Energy Solutions Limited.
The contract, valued at a substantial Rs. 276,05,92,602 (Rupees Two Hundred Seventy-Six Crores Five Lakhs Ninety-Two Thousand Six Hundred Two only), exclusive of taxes, is for the supply of specialized conductors for a critical national infrastructure project.
Key Contract Details
The disclosure, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the following specifics:
- Client: Adani Energy Solutions Limited, a leading player in India’s power transmission sector.
- Project Scope: Supply of 7,668 Kilometers of AL-59 Zebra Conductor.
- Project Destination: The strategically important Khavda Project.
- Contract Value: Rs. 276.06 Crores (excluding taxes).
- Execution Deadline: The order is scheduled to be fully executed by November 23, 2026.
The company clarified that the contract has been awarded on a “Kms rate basis with PV Formulae” and is a domestic order. Furthermore, Diamond Power Infrastructure confirmed that its promoters, promoter group, or group companies have no interest in Adani Energy Solutions Limited, and the transaction does not qualify as a Related Party Transaction.
Strategic Significance for Diamond Power
This large-scale order from a marquee client like Adani Energy Solutions serves as a powerful testament to Diamond Power Infrastructure’s manufacturing capabilities and its trusted reputation in the power infrastructure space. The Khavda region is poised to become one of the world’s largest renewable energy parks, and involvement in its supporting transmission infrastructure places DIPIL at the heart of India’s green energy transition.
The influx of an order of this magnitude is expected to have a positive impact on the company’s financial performance for the upcoming fiscal years, providing significant revenue visibility and enhancing capacity utilization at its manufacturing facilities in Vadodara, Gujarat.
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