Diamond Power Exits NCLT Framework Ahead of Schedule

Diamond Power Infrastructure Ltd has announced its full exit from the NCLT resolution framework, a year ahead of schedule. The company prepaid the entire ₹2,401 crore consideration (₹501 crore cash and ₹1,900 crore bonds) to its erstwhile lenders. This early repayment, which included availing pre-payment discounts, fulfills all promoter obligations under the resolution plan. The exit makes Diamond Power eligible for credit ratings, allows its entire gross block to be used for bank financing, and clears all legacy legal matters. The company, now debt-light and profitable, is poised for a growth phase focused on expanding its manufacturing capabilities.