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.

Order Details and Specifications

The contract encompasses the supply of power cables under specific terms and conditions. The following table outlines the key parameters of this order:

Contract Structure and Timeline

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.

Regulatory Compliance and Transparency

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.

Market Performance and Business Impact

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.

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.

Diamond Power Infrastructure Limited has successfully secured shareholder approval for its proposed fundraising initiative, with the postal ballot results announced on December 18, 2025. The company received overwhelming support from shareholders to raise up to Rs 1,000 crore through a Qualified Institutions Placement (QIP).

Postal Ballot Results Overview

The voting results demonstrate strong shareholder confidence in the company's fundraising plans:

Shareholder Participation Analysis

The postal ballot saw significant participation across different shareholder categories:

QIP Details and Fund Utilization

The approved QIP will enable the company to raise up to Rs 1,000 crore for strategic purposes:

Voting Process Timeline

The postal ballot process was conducted efficiently with proper regulatory compliance:

Regulatory Compliance and Process

The company ensured full regulatory compliance throughout the postal ballot process. Mr. Ashish Shah, Partner at Ashish Shah & Associates and Practicing Company Secretary, served as the Scrutinizer for the voting process. KFin Technologies Limited provided the e-voting platform, facilitating remote voting for eligible shareholders.

The postal ballot notice was dispatched via email to all shareholders and published in Business Standard (English) and Loksatta (Gujarati) newspapers. The company also uploaded relevant documents on its website and stock exchange platforms for transparency.

Market Implications

The unanimous approval from participating shareholders reflects strong confidence in Diamond Power Infrastructure's growth strategy. With 54,057 total shareholders on record, the successful passage of this special resolution provides the company with significant financial flexibility to pursue expansion opportunities and strengthen its balance sheet through debt reduction.

The QIP approval positions Diamond Power Infrastructure to capitalize on growth opportunities in the power infrastructure sector while maintaining financial stability through strategic debt management.