Diamond Power Infrastructure Limited Secures Rs. 185 Crore Conductor Supply Order from Adani Energy Solutions
Diamond Power Infrastructure Limited (DPIL) has announced the receipt of a Contract Confirmation and Letter of Award (LOA) from Adani Energy Solutions Limited (AESL). The order pertains to the supply of AL59 aluminium alloy conductors for two significant transmission projects.The scope of the contract includes the design, engineering, manufacturing, assembly, testing, packing, dispatch, and transportation of conductors on a Delivery at Place (DAP) basis. The order covers 1,050 Km of AL59 Moose Conductor for the Tuticorin Project and 3,770 Km of AL59 Zebra Conductor for the Pune-III Project.
Contract Financials and Terms
The contract is valued at Rs. 1,85,16,45,098, which includes Packing and Forwarding (P&F) and Freight and Transit Insurance (F&TI) charges but excludes GST. When including GST at 18%, the total value amounts to Rs. 2,18,49,41,216.
The agreement is structured on a variable-price basis. The contract price is reckoned at an Aluminium LME of USD 2,550/MT, a premium of USD 106/MT, and a USD/INR exchange rate of 87. Final prices will be determined according to an agreed Price Variation (PV) formula based on the average LME and USD/INR rates from the month preceding the scheduled dispatch. Consequently, the realized value of the contract may vary.
The transaction is a domestic order received on an arm's length basis from an unrelated third party. Neither the promoters nor the promoter group of Diamond Power Infrastructure Limited hold any interest in Adani Energy Solutions Limited.
Delivery Schedule
Deliveries for both projects are scheduled to be completed between July 2026 and February 2027, spanning approximately eight months.
| Project | Conductor | Qty | Jul-26 | Aug-26 | Sep-26 | Oct-26 | Nov-26 | Dec-26 | Jan-27 | Feb-27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Tuticorin | AL59 Moose | 1,050 Km | 500 | 550 | - | - | - | - | - | - |
| Pune-III | AL59 Zebra | 3,770 Km | - | 570 | 500 | 500 | 700 | 500 | 500 | 500 |
Company Perspective
Mr. Kavish Shah, Vice President of Corporate Strategy at Diamond Power Infrastructure Limited, stated that the order reflects continued confidence from a marquee customer in the company's manufacturing capabilities. He noted that the award builds on existing relationships with AESL, provides visibility for FY27, and aligns with the growth in India's transmission capital expenditure cycle.
DIACABS Stock Price Movement
Diamond Power Infrastructure Limited shares on Thursday slipped by 0.44% to settle at ₹224.93. The stock traded 2.46 million shares as investors navigated a session where the price found support near its daily low of ₹221.01.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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