Deals15 Apr 2026, 11:43 am
Diamond Power Infra bags ₹45.47 Cr cable supply LOI from Adani Electricity
AI Summary
Diamond Power Infrastructure Ltd has received a Letter of Intent (LOI) from Adani Electricity Mumbai Limited for the supply of cables. The domestic order is valued at ₹45,47,45,592/- (approximately ₹45.47 Crores), inclusive of GST. The execution of this order is scheduled to take place between May 2026 and May 2027. The company clarified that no promoter or promoter group entities have any interest in Adani Electricity Mumbai Limited, and the transaction is not considered a related party transaction. This LOI signifies a notable addition to the company's order book.
Key Highlights
- Received LOI from Adani Electricity Mumbai for cable supply.
- Order valued at ₹45.47 Crores, inclusive of GST.
- Execution period from May 2026 to May 2027.
- Domestic order, not a related party transaction.