Editor’s Note
This article details a significant new order for Diamond Power Infrastructure, highlighting a key business development. The specifics of the contract, including its value and awarding entity, are summarized for clarity.
Diamond Power Infrastructure Limited has secured a significant Letter of Intent for power cable supply, marking a notable business development for the company. The order, valued at ₹66.18 crores (exclusive of GST), was awarded by Hild Projects Private Limited, an EPC contractor.
The contract encompasses the supply of power cables under specific terms and conditions. The following table outlines the key parameters of this order:
Parameter: Details
Awarding Entity: Hild Projects Private Limited (EPC Contractor)
Order Value: ₹66.18 crores (exclusive of GST)
Contract Nature: Kms rate basis with PV Formulae
Entity Type: Domestic
Execution Timeline: January 1, 2026 to June 30, 2026
The power cable supply order operates on a “Kms rate basis with PV Formulae” structure, indicating a distance-based pricing mechanism with price variation adjustments. The contract is scheduled for execution over a six-month period, commencing January 1, 2026, and concluding by June 30, 2026.
The domestic nature of this order reinforces Diamond Power Infrastructure’s position in the Indian power infrastructure sector. The company will be responsible for supplying power cables as per the specifications outlined in the Letter of Intent.
Diamond Power Infrastructure has disclosed this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this order does not fall within the ambit of related party transactions.
Additionally, the company has clarified that none of the promoter, promoter group, or group companies have any interest in Hild Projects Private Limited, the entity that awarded the contract. This ensures the transaction maintains arm’s length characteristics and regulatory compliance.
Shares of Diamond Power Infrastructure ended lower by 0.78% at ₹140.00 ahead of the disclosure announcement. Despite the stock’s decline, the ₹66.18 crore order represents a substantial addition to Diamond Power Infrastructure’s order book.
Market Data:
Details
Closing Price: ₹140.00
Daily Change: -0.78%
Sector: Cables
Market Cap Category: Mid Cap
The company operates in the power cables segment and continues to benefit from order inflows linked to ongoing investments in transmission and infrastructure projects. The six-month execution timeline suggests efficient project planning and delivery capabilities, positioning the company to complete the supply requirements within the specified timeframe.
