Diamond Power Infrastructure has secured a major contract from Gujarat Energy Transmission Corporation Limited (GETCO) for supply of 66 kV Extra High Voltage (EHV) cables. The company announced receiving a Letter of Intent worth ₹60.53 crore, marking what the management describes as a "major milestone" and "breakthrough achievement" in the transmission segment.

Contract Specifications

The comprehensive order details demonstrate the scale and significance of this transmission infrastructure project:

Strategic Market Position

This order represents one of the largest single EHV cable orders received by Diamond Power Infrastructure and significantly strengthens its position in the high-voltage cable segment. The company has demonstrated robust execution capabilities, having received and successfully executed over 90 km of 66 kV and 110 kV EHV cable orders in the last six months.

The EHV cable industry operates as a highly specialized segment with significant entry barriers, including requirements for advanced manufacturing capabilities, stringent type testing compliance, and long approval cycles by utilities. Diamond Power Infrastructure's state-of-the-art manufacturing infrastructure and NABL-approved testing facilities capable of testing up to 700 kV position it among the select group of qualified manufacturers in this "closed club" industry.

Enhanced Order Book Position

With this latest contract award, Diamond Power Infrastructure's total outstanding order book stands at over ₹3,500 crore, providing strong revenue visibility for upcoming periods. The order is expected to significantly contribute to revenue visibility and profitability over the execution period.

Management Perspective

Commenting on the development, Mr. Umesh Chayya, Senior President, Sales & Marketing, stated: "We are delighted to receive this prestigious order from GETCO. This reinforces our technological strength and execution capability in the EHV cable segment. The scale of this order is a testament to the trust placed in DPIL and marks a significant step forward in our growth journey."

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing both stock exchanges about this contract award. The disclosure confirms that no promoter, promoter group, or group companies have any interest in GETCO, and the contract does not fall under related party transactions.

Diamond Power Infrastructure Limited has announced receiving a significant letter of intent from Uttar Gujarat Vij Company Limited for cable supply operations. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the substantial value and scope of the awarded contract.

Order Details and Specifications

The letter of intent encompasses the supply of cables with comprehensive specifications and execution timeline. The order represents a significant business opportunity for Diamond Power Infrastructure Limited in the domestic market.

Execution Framework and Timeline

The contract execution follows a structured approach with specific delivery schedules. The supply arrangement includes a phased delivery system designed to meet the operational requirements of the distribution companies.

Key Execution Parameters:

• Delivery Schedule: Equal monthly lots as decided by DISCOMS
• Commencement Period: 45 days from receipt of letter of acceptance
• Total Duration: Within 7 months
• Supply Nature: Cable supply operations

Regulatory Compliance and Disclosures

Diamond Power Infrastructure Limited has provided comprehensive disclosures as required under SEBI regulations. The company has confirmed full compliance with listing obligations and transparency requirements.

The company has explicitly stated that none of its promoters, promoter group members, or group companies have any interest in Uttar Gujarat Vij Company Limited. Additionally, the transaction does not fall within the ambit of related party transactions, ensuring complete independence in the business arrangement.

Business Impact and Market Position

This order reinforces Diamond Power Infrastructure Limited's position in the cable supply sector within the domestic market. The substantial order value of Rs 43.94 crores represents a significant addition to the company's order book and demonstrates its capability to secure large-scale infrastructure projects from established distribution companies.