Diamond Power Infrastructure Ltd secures conductor supply order of Rs. 185 Crore from Adani Energy Solutions Ltd

Diamond Power Infrastructure Limited (BSE: 522163 | NSE: DIACABS) ("DPIL" or "the Company"), an integrated manufacturer of power transmission and distribution equipment under the DICABS brand, today announced that it has received a Contract Confirmation / Letter of Award from Adani Energy Solutions Limited ("AESL") for the supply of AL59 aluminium alloy conductors for two of AESL's transmission projects.

The award covers the design, engineering, manufacture, testing, packing, dispatch and transportation on a Delivery-atPlace (DAP) basis 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 order is valued at Rs. 1,85,16,45,098/- (approximately Rs. 185.16 Crore) inclusive of packing, forwarding, freight and transit insurance, and exclusive of GST - aggregating to approximately Rs. 218.49 Crore including GST. The contract is on a variable-price basis linked to aluminium LME and USD/INR movements through an agreed price variation formula, and the realised value may therefore differ. Deliveries are scheduled between July 2026 and February 2027.

Commenting on the award, Mr. Kavish Shah, Vice President - Corporate Strategy of Diamond Power Infrastructure Limited, said: "continued confidence of a marquee customer in DPIL's conductor manufacturing capability; the order builds on the Company's existing relationship with AESL; supports visibility for FY27; and reflects the growth in India's transmission capex cycle."

Source : Equity Bulls

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