Diamond Power Wins Rs 900 Cr Conductor Order from Adani

Jul 09, 2024 16:27

Diamond Power Infrastructure has secured a Rs 900 crore contract from Adani Energy Solutions for the supply of conductors, to be executed by April 2025.

Photograph: Rupak De Chowdhuri/Reuters

New Delhi, Jul 9 (PTI) Diamond Power Infrastructure Ltd on Tuesday said it has received an order worth around Rs 900 crore from Adani Energy Solutions Ltd for the supply of conductors.

The order has to be executed by April 2025, Diamond Power Infrastructure said in an exchange filing.

"...company has received a letter of intent from Adani Energy Solutions Ltd worth Rs 899.75 crore (inclusive GST) for the supply of AL 59 conductors - new generations aluminium alloy conductors," it said.

None of the promoter/promoter group/group companies have any interest in the entity, the company said, adding that the work doesn't fall under the ambit of related party transactions.

Diamond Power Infrastructure Ltd (DPIL) is into manufacturing of cables and conductors.

Source: PTI

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Diamond Power Wins Rs 900 Cr Conductor Order from Adani

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