Diamond Power Secures ₹195.48 Crore Cable Orders from Rajesh Power Services
Diamond Power Infrastructure Limited received two orders totaling ₹195.48 crore from Rajesh Power Services for 11 kV underground power cables. These cables will be used for PGVCL projects in Gujarat, converting overhead lines to underground networks. The orders are to be executed over the next 12 months.
The order value of ₹195.48 crore represents a substantial addition to the company's order book and is expected to have a material impact on its revenue and operations.
The company has secured significant new orders, which is a positive development for its business and financial outlook.
Diamond Power Infrastructure Limited has announced the receipt of two purchase orders aggregating ₹195.48 crore (basic value, excluding GST) from Rajesh Power Services Limited. These orders are for the supply of 11 kV Medium Voltage underground power cables required for projects of Paschim Gujarat Vij Company Limited (PGVCL) in Gujarat.
The supply is for PGVCL's Disaster Management (SDMF) scheme and its System Improvement (Urban Underground) programme, focusing on converting overhead power lines to underground networks, particularly in coastal areas to enhance disaster resilience. The first order, valued at ₹98.21 crore, is for approximately 645 km of 11 kV cables for the SDMF scheme. The second order, worth ₹97.27 crore, is for approximately 725 km of 11 kV cables for the System Improvement / Urban Underground programme.
These orders collectively amount to approximately 1,370 km of 11 kV cables and are to be executed over the next 12 months. The cables will be manufactured at Diamond Power's integrated facility in Vadodara, Gujarat. Mr. Kavish Shah, Vice President - Corporate Strategy, highlighted that these orders reinforce the company's leadership in medium-voltage cables and contribute significantly to their order book from the state utility segment.
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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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