Diamond Power Infrastructure Limited , a leading player in the power infrastructure sector, has received a significant boost to its order book. The company announced that it has secured a letter of intent from Adani Green Energy Limited for a substantial cable supply contract.

Order Details

Scope of Supply

The order encompasses the supply of two types of cables:

This substantial order is a testament to Diamond Power Infrastructure's capabilities in manufacturing high-quality cables for renewable energy projects. The selection by Adani Green Energy, a major player in the renewable energy sector, underscores the company's reputation and technical expertise in the industry.

Strategic Implications

The secured order is likely to have several positive implications for Diamond Power Infrastructure:

1. Revenue Boost: The Rs 747.64 crore order will significantly contribute to the company's revenue over the execution period.
2. Long-term Visibility: With the execution timeline extending from January to December 2026, it provides clear revenue visibility for that year.
3. Industry Position: This large order from a renowned client like Adani Green Energy could enhance Diamond Power Infrastructure's standing in the power infrastructure sector.
4. Renewable Energy Focus: The order aligns with the growing trend of renewable energy projects in India, positioning the company well in this expanding market segment.

While this order marks a positive development for Diamond Power Infrastructure, investors and stakeholders should continue to monitor the company's overall financial health, execution capabilities, and future order inflows to gain a comprehensive understanding of its long-term prospects.

As the renewable energy sector in India continues to grow, companies like Diamond Power Infrastructure that can supply critical components such as high-quality cables are likely to play an important role in the country's green energy transition.

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.