Diamond Power Infrastructure Receives Letter of Intent from Adani Electricity Mumbai Limited
Diamond Power Infrastructure Ltd announced the receipt of a letter of intent for a substantial order from Adani Electricity Mumbai Limited. The agreement concerns the supply of cables and has a broad consideration value of Rs. 100,54,10,858/- inclusive GST.The contract details indicate that the scope of work involves the supply of assorted sizes of HT Cables. The transaction is classified as a domestic order from a domestic entity.
A summary of the key details associated with the letter of intent is presented below:
| Particulars | Details/Information of the event |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Adani Electricity Mumbai Limited |
| Significant terms and conditions of order(s)/contract(s) awarded in brief | Supply of Cables |
| Nature of order(s) / contract(s) | Supply of assorted sizes of HT Cables |
| Time period by which the order(s)/contract(s) is to be executed | From April, 2026 to February 2027 |
| Broad consideration or size of the order(s)/contract(s) | Rs. 100,54,10,858/- inclusive tax |
| Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? | None of the Promoter/Promoter Group/Group Companies have any interest in the entity. |
Diamond Power Infrastructure Ltd noted that the aforesaid work does not fall under the ambit of Related Party Transactions. The contract period for execution spans from April, 2026, through February 2027.
DIACABS Stock Price Movement
Diamond Power Infrastructure Limited shares are currently trading at ₹126.5, having traded between ₹122.21 and ₹127.79. The stock shows moderate activity on volume, up 0.87% for the day.Stock trading guide
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