Diamond Power Infrastructure has secured a significant contract through a letter of intent from Bondada Engineering Limited for the supply of power cables. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Overview

The intent letter outlines specific parameters for the power cable supply arrangement:

Project Timeline and Execution

The contract execution timeline provides a clear delivery schedule:

Regulatory Compliance

The company has confirmed that this contract does not fall within the ambit of related party transactions. Diamond Power Infrastructure's promoters, promoter group, or group companies have no interest in Bondada Engineering Limited, ensuring the transaction maintains arm's length principles.

Business Impact

This contract award reinforces Diamond Power Infrastructure's position in the power cable manufacturing sector and demonstrates its capability to secure substantial orders from EPC contractors. The ₹55.54 crore value represents a meaningful addition to the company's order book, with execution planned for the first half of 2026. The contract structure based on per kilometer rates with PV formulae provides flexibility in pricing adjustments.

Diamond Power Infrastructure Limited has secured a letter of intent from Rajesh Power Services Limited for the supply of 11KV cables worth ₹57.58 crores. The company announced this significant development through a regulatory filing.

Order Details and Specifications

The contract involves the supply of specialized electrical cables meeting stringent technical requirements. The key parameters of this order are presented below:

Contract Structure and Timeline

The purchase order has been structured on a per-kilometer rate basis incorporating a price variation formula, providing flexibility for material cost fluctuations during the execution period. The six-month execution timeline from January to June 2026 indicates a substantial cable supply requirement that will contribute to the company's revenue in the fiscal year 2026-2027.

Regulatory Compliance and Transparency

Diamond Power Infrastructure has confirmed that this transaction does not involve any related party interests. The company specifically disclosed that none of the promoters, promoter group, or group companies have any interest in Rajesh Power Services Limited, ensuring arm's length transaction principles. This order also falls outside the ambit of related party transactions as per regulatory definitions.

Business Impact

This substantial order represents a significant business development for Diamond Power Infrastructure Limited, demonstrating the company's capability to secure large-scale cable supply contracts from established EPC contractors. The specialized nature of the cables, conforming to UGVCL Robust 2.0 specifications, highlights the company's technical expertise in manufacturing high-quality electrical infrastructure products.

The order value of ₹57.58 crores, inclusive of GST, positions this contract as a material development for the company's business operations and revenue prospects for the execution period spanning the first half of 2026.