Diamond Power Infrastructure Ltd secured a Letter of Intent worth ₹93.08 crore (incl. GST) from KPI Green Energy for power cables supply. Awarded on km-rate basis with PV formula, execution by June 30, 2026. No related party ties; arm's length deal boosts renewable energy order pipeline.
Diamond Power Infrastructure Limited announced receiving a pivotal LoI from KPI Green Energy Limited, an EPC contractor, for supplying power cables valued at exactly ₹93,08,17,689 (inclusive of GST). The contract operates on a "kms rate basis with PV Formulae," ensuring adaptability to market fluctuations, with full execution targeted by June 30, 2026. This domestic order underscores surging demand in India's renewable energy transmission sector, free from promoter or related-party interests.
Market Impact
The announcement, disclosed via BSE on February 25, 2026, signals robust growth for Diamond Power amid India's power infra expansion. Shares likely to rally on this ₹93 crore win, complementing prior Adani and Enrich deals, fortifying the company's 2026 order book. Ideal for investors eyeing "Diamond Power Infrastructure order wins 2026" and "KPI Green Energy projects."
Sources: InvestyWise, BSE (via regulatory filing), Marketscreener