Diamond Power Infra Secures ₹179.43 Crore Order for Specialised MV Cables from Adani Electricity
Diamond Power Infrastructure Limited received a ₹179.43 crore Letter of Award from Adani Electricity Mumbai Limited for specialised MV and LV underground power cables. The order for approximately 871 kms of cables is for Mumbai's distribution network and is inclusive of GST.
The order value is substantial and contributes to the company's revenue and market position, although it does not represent a transformative change in the company's overall financial standing.
The company has received a significant order, indicating business growth and positive market reception.
Diamond Power Infrastructure Limited (DPIL) has announced the receipt of a Letter of Award from Adani Electricity Mumbai Limited (AEML) for the supply of specialised medium voltage (MV) and low voltage (LV) underground power cables. The order, valued at ₹179.43 crore inclusive of GST, covers approximately 871 kms of cables, including 33 kV and 11 kV MV cables, along with associated 1.1 kV LV cables. These cables are engineered with water-tree retardant (TR-XLPE) insulation and water-blocking construction, specifically designed for Mumbai's challenging coastal and monsoon conditions.
This marks the third consecutive year DPIL has been awarded this contract by AEML, reflecting the latter's confidence in DPIL's manufacturing capabilities, testing infrastructure, and delivery performance. DPIL is also a supplier to BEST, another major distribution utility in Mumbai. The award underscores DPIL's strategic positioning to meet the growing demand for MV cables driven by urban network upgrades, renewable energy infrastructure, and industrial growth in India.
The formal purchase order is expected to be issued by AEML. Deliveries are scheduled to commence upon manufacturing clearance, with an approximate rate of 50 km per month, adjustable based on project requirements. This order is considered to be in the ordinary course of business and at arm's length, with no promoter or group company interest in AEML.
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Diamond Power Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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