Diamond Power wins ₹185.16 Cr order from Adani Energy Solutions
Diamond Power Infrastructure has received a Letter of Award from Adani Energy Solutions for the supply of AL59 aluminium alloy conductors valued at ₹185.16 crore. The contract involves the supply of conductors for the Tuticorin and Pune-III projects, with deliveries scheduled between July 2026 and February 2027. The variable pricing is linked to Aluminium LME and USD/INR rates.
*this image is generated using AI for illustrative purposes only.
Diamond Power Infrastructure has secured a conductor supply order valued at ₹185.16 crore from Adani Energy Solutions Limited. This contract win reinforces the company's engagement with large-scale energy infrastructure clients and supports revenue visibility for FY27.
Contract Details
The order encompasses the design, engineering, manufacturing, and supply of AL59 aluminium alloy conductors on a Delivery-at-Place (DAP) basis. The key details of the award are summarised below:
| Parameter | Details |
|---|---|
| Contract Value | ₹185.16 crore (exclusive of GST) |
| Value with GST | ₹218.49 crore |
| Awarded By | Adani Energy Solutions Limited |
| Nature | Supply of AL59 Moose and AL59 Zebra conductors |
| Execution Period | July 2026 to February 2027 |
The contract covers the supply of 1,050 km of AL59 Moose Conductor for the Tuticorin Project and 3,770 km of AL59 Zebra Conductor for the Pune-III Project. The pricing is variable, linked to the Aluminium LME and USD/INR rates, meaning the final realised value may differ from the initial estimate.
Delivery Schedule
Deliveries are scheduled over approximately eight months, with specific monthly targets outlined below:
| Project | Conductor | Total Qty (Km) | Jul-26 | Aug-26 | Sep-26 | Oct-26 | Nov-26 | Dec-26 | Jan-27 | Feb-27 |
|---|---|---|---|---|---|---|---|---|---|---|
| Tuticorin | AL59 Moose | 1,050 | 500 | 550 | — | — | — | — | — | — |
| Pune-III | AL59 Zebra | 3,770 | — | 570 | 500 | 500 | 700 | 500 | 500 | 500 |
Management Commentary
Commenting on the development, Mr. Kavish Shah, Vice President - Corporate Strategy of Diamond Power Infrastructure Limited, highlighted the continued confidence of a marquee customer in the company's conductor manufacturing capability. He noted that the order builds on the existing relationship with Adani Energy Solutions and reflects the growth in India's transmission capex cycle.
The company confirmed that the transaction is not a related party transaction and was awarded on an arm's length basis. Promoters, promoter group, or group companies hold no interest in the entity awarding the order.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE989C01038/7692baca713d4ca8.pdf
Historical Stock Returns for Diamond Power Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.78% | +20.95% | +31.92% | +112.12% | +63.43% | +3,04,266.66% |
How will the variable pricing mechanism linked to Aluminium LME and USD/INR rates impact Diamond Power's final profit margins given current volatility forecasts?
Does this order position Diamond Power to secure additional contracts from Adani Energy Solutions for other phases of the transmission capex cycle?
What are the potential margin implications of the front-loaded delivery schedule for the Tuticorin Project compared to the staggered delivery for Pune-III?
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