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.

Business Impact

The ₹66.18 crore order represents a substantial addition to Diamond Power Infrastructure's order book. The six-month execution timeline suggests efficient project planning and delivery capabilities, positioning the company to complete the supply requirements within the specified timeframe.

This development demonstrates the company's continued presence in the power cable supply segment and its ability to secure contracts from established EPC contractors in the infrastructure sector.

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.