Diamond Power Infrastructure Ltd. Receives Letter of Intent for Cable Supply Order
Diamond Power Infrastructure Ltd. announced it has received a letter of intent from Gujarat Energy Transmission Corporation Limited for the supply of cables. The order is valued at Rs. 60,53,40,000 inclusive of GST.The order involves the supply of 270 km of cables, with an execution timeframe of four months from the date of the purchase order.
According to company disclosures, neither the promoters, promoter group, nor group companies have any interest in Gujarat Energy Transmission Corporation Limited. The order does not constitute a related party transaction.
| SI. No. | Particulars in respect of the event | Details/Information of the event |
|---|---|---|
| 1 | Nameof the entity awarding the order(s)/contract(s) | Gujarat Energy Transmission Corporation Limited |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded in brief | Supply of Cables |
| 3 | Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic Entity |
| 4 | Nature of order(s) / contract(s) | Supply of 270 kmcables |
| 5 | Whether domestic or international | Domestic |
| 6 | Time period by which the order(s)/contract(s) is to be executed | Within 4 months from day of Purchase Order |
| 7 | Broad consideration or size of the order(s)/contract(s) | Rs. 60,53,40,000/- inclusive tax |
| 8 | Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof | None of the Promoter/Promoter Group/Group Companies have any interest in the entity. |
| 9 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length' | The aforesaid work doesn't fall under the ambit of Related Party Transactions |
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