Diamond Power Infrastructure secures a ₹71.46 crores LT cable supply order from Adani Electricity, to be executed by March 2026.
Diamond Power Infrastructure Limited (DPIL), one of India’s largest single-location manufacturers of power cables and conductors, has announced the receipt of a Letter of Intent (LoI) from Adani Electricity Mumbai Limited (AEML). The order, valued at ₹71.46 crores, is for the supply of assorted sizes of Low Tension (LT) cables.
Order details and execution timeline
The contract entails the supply of LT cables on a Delivered at Place (DAP) basis to AEML's Mumbai distribution business, specifically to their Distributing Transaction Processing (DTP) stores. The purchase order has been awarded on a per-kilometre rate basis, incorporating a Price Variation (PV) formula. The execution of the order is scheduled to be completed by March 2026.
DPIL has clarified that this order does not fall under related-party transactions, and none of the company's promoters or promoter group companies have any interest in AEML.
About Diamond Power Infrastructure Limited
DPIL, headquartered in Ahmedabad, Gujarat, has an installed capacity of 250,000 Metric Tonnes Per Annum (MTPA) of conductors and operates five Continuous Catenary Vulcanisation (CCV) lines. In the financial year 2023-24, the company reported a consolidated turnover of ₹343 crores. DPIL was acquired through the National Company Law Tribunal (NCLT) process by the GSEC-Monarch and Deccan Aviation Private Limited and continues to provide strong, innovative, and energy-efficient products to a diverse clientele.
Boosting power infrastructure sector
DPIL's recent ₹71.46 crores order from Adani Electricity underscores its strong market presence and capabilities in the power infrastructure sector. With a significant manufacturing capacity and a track record of delivering quality products, DPIL is poised to meet the demands of large-scale projects, further solidifying its position in the industry.
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