Diamond Power Infrastructure Ltd Receives Letter of Intent for Cable Supply from Adani Green Energy Limited
Diamond Power Infrastructure Ltd has received a letter of intent from Adani Green Energy Limited concerning the supply of cables. The value of the arrangement totals Rs. 19,57,11,313/-, which is inclusive of GST.The details regarding this order receipt indicate that the awarding entity is Adani Green Energy Limited. The contract involves the supply of cables and is classified as a domestic order from a domestic entity.
The expected execution timeline for the order is within 15 days from the issuance of the Letter of Intent.
Financial and operational details of the letter of intent are summarized below:
| Particulars | Detail/Information |
|---|---|
| Entity Awarding Order | Adani Green Energy Limited |
| Nature of Order | Supply of Cables |
| Order Type | Domestic Entity |
| Consideration Value | Rs. 19,57,11,313/- inclusive tax |
| Promoter Interest | None of the Promoter/Promoter Group/Group Companies have any interest in the entity. |
The company noted that the aforementioned work does not fall under the ambit of Related Party Transactions.
DIACABS Stock Price Movement
In today's trade, Diamond Power Infrastructure Limited shares are currently trading between ₹122.21 and ₹127.79. The stock is seeing moderate activity, maintaining a level of ₹126.61, which marks a 0.96% gain so far.Source:
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