Diamond Power Infra Secures Major Contract from UP State Discom for XLPE Cable Supply
Diamond Power Infrastructure Limited has received a Letter of Intent from Purvanchal Vidyut Vitran Nigam Limited regarding the supply of high tension (HT) XLPE cable, valued at ₹ 61,03,55,000. The contract was awarded by PuVVNL, a distribution company of Uttar Pradesh Power Corporation Limited (UPPCL), which is an undertaking of the Government of Uttar Pradesh.The order involves supplying 250 km of 33 kV HT XLPE cable, with the transaction totaling ₹ 61,03,55,000, inclusive of GST at 18%. The base value excluding GST amounts to ₹ 51,72,50,000.
The contract details indicate that the order was placed following approval by the Corporate Stores Purchase Committee (CSPC) of UPPCL, Lucknow.
A summary of the contract details is provided below:
| Aspect | Details |
|---|---|
| Awarding Entity | Purvanchal Vidyut Vitran Nigam Limited (PuVVNL), a Discom of Uttar Pradesh Power Corporation Limited (UPPCL). |
| Product Specification | 33 kV HT XLPE cable, size 3C x 300 sq. mm. |
| Quantity Ordered | 250 km. |
| Total Order Value | ₹ 61,03,55,000 (including GST). |
| Price Mechanism | Variable based on IEEMA, with the current value representing the base price realization. |
The scheduled delivery period for the cables spans from September 2026 to January 2027, with the entire execution of the contract required by January 2027. Key terms and conditions related to the deal include payment within 30 days after receiving the invoice. The guarantee specified in the contract is 36 months from commissioning or 42 months from dispatch, whichever period occurs earlier.
The order was received from a State Government-owned power distribution utility and does not constitute a related party transaction, nor do any promoter or group companies have an interest in PuVVNL.
DIACABS Stock Price Movement
Diamond Power Infrastructure Limited's shares edged higher to close at ₹367.95 today, climbing 1.66% in post-market trading. The stock achieved a notable milestone by hitting its 52-week high during trading and saw 1.36 million shares exchanged.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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