Diamond Power Secures ₹185 Crore Conductor Order from Adani Energy Solutions
Diamond Power Infrastructure Limited received a Letter of Award from Adani Energy Solutions Limited for ₹185.16 Crore. The contract involves supplying 1,050 Km of AL59 Moose and 3,770 Km of AL59 Zebra conductors for Tuticorin and Pune-III projects. Deliveries are scheduled between July 2026 and February 2027.
The order value of approximately ₹185 Crore is substantial for the company and represents a significant new business win, positively impacting its financial outlook and market position.
The company has secured a significant new order from a major player in the energy sector, which is expected to boost revenue and provide business visibility.
Diamond Power Infrastructure Limited has announced the receipt of a Contract Confirmation / Letter of Award (LOA) from Adani Energy Solutions Limited (AESL) for the supply of AL59 Moose and AL59 Zebra conductors. The order, valued at ₹1,85,16,45,098 (approximately ₹185.16 Crore) exclusive of GST, is for the design, engineering, manufacturing, testing, packing, dispatch, and transportation of 1,050 Km of AL59 Moose Conductor for the Tuticorin Project and 3,770 Km of AL59 Zebra Conductor for the Pune-III Project. The total value including 18% GST amounts to ₹2,18,49,41,216 (approximately ₹218.49 Crore).
The contract is based on a variable-price model, determined by Aluminium LME, premium, and USD/INR rates, with final prices subject to a Price Variation (PV) formula. Deliveries are scheduled to commence in July 2026 and conclude by February 2027, spanning an approximate eight-month period.
Mr. Kavish Shah, Vice President - Corporate Strategy at Diamond Power Infrastructure Limited, commented that the order reflects the continued confidence of a marquee customer and supports visibility for FY27, indicating growth in India's transmission capex cycle. The company confirmed that there is no interest from promoters, promoter group, or group companies in Adani Energy Solutions Limited, and the transaction is not a related party transaction. The order was received on an arm's length basis from an unrelated third party.
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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 high impact, which is the band that most often changes something.
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