Diamond Power Infrastructure Ltd Receives Letter of Intent for Rs 45.47 Crore Cable Supply
Diamond Power Infrastructure Ltd has announced the receipt of a Letter of Intent (LOI) for the supply of cables from Adani Electricity Mumbai Limited. The contract is a domestic transaction, with the supply spanning from May 2026 to May 2027.The deal, covering the supply of cables, is valued at Rs 45,47,45,592/- inclusive of tax.
The key details regarding the transaction award are as follows:
| Particulars | Detail/Information |
|---|---|
| Awarding Entity | Adani Electricity Mumbai Limited |
| Nature of Contract | Supply of Cables |
| Geographical Scope | Domestic Entity (Domestic) |
| Contract Duration | May 2026 to May 2027 |
| Total Value | Rs 45,47,45,592/- inclusive tax |
| Related Party Status | The work does not fall under Related Party Transactions. |
The announcement confirms that the entity awarding the order is Adani Electricity Mumbai Limited, and the supplies are classified as a domestic transaction. Additionally, the company noted that neither the Promoter, the Promoter Group, nor the Group Companies have any interest in the awarding entity.
Stock Price Movement
As of 11:43, shares of Diamond Power Infrastructure Ltd. are edging higher at ₹140.60, marking a gain of 1.96%. Throughout the day, the stock traded within a noticeable range, bouncing between a low of ₹139.40 and a high of ₹142.50.Source:
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