Diamond Power Infrastructure Secures Letter of Intent for Power Cable Supply to Adani Power
Diamond Power Infrastructure Ltd announced on April 6, 2026, the receipt of a letter of intent from Adani Power Limited. The contract involves the supply of various sizes of Power and Control Cables for the Raipur Ph-II Thermal Power Projects in Chhattisgarh.The scope of work outlined in the letter of intent encompasses design, engineering, manufacturing, inspection and testing at the manufacturer's works, packing and forwarding, transit insurance, transportation, and supply.
The total value of the order is Rs. 43,26,10,349/- inclusive of GST.
Key details regarding the agreement are presented below:
| Particulars | Detail |
|---|---|
| Awarding Entity | Adani Power Limited |
| Nature of Order | Supply of Power cables |
| Order Size | Rs. 43,26,10,349/- inclusive tax |
| Execution Period End Date | 31.07.2026 |
| Entity Type | Domestic Entity |
According to the details provided, the awarding entity, Adani Power Limited, is a domestic entity. The transaction is classified as the supply of power cables.
The company noted that none of the Promoter/Promoter Group/Group Companies have any interest in the entity that awarded the order. Furthermore, the aforesaid 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 at ₹126.94, marking a gain of 1.53%. The stock is trading between ₹122.21 and ₹127.79, accompanied by moderate activity on the circuit.Stock trading guide
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