Diamond Power Infrastructure Ltd Secures Strategic ₹748 Cr Order from Adani Green

Executive Summary Diamond Power Infrastructure Ltd has achieved a significant milestone in its operational turnaround, securing a Letter of Intent (LoI) from Adani Green Energy Limited. This contract, valued at ₹747.64 crore (exclusive of GST), bolsters the company's order book and cements its role as a critical supplier in India’s renewable energy ecosystem. Key Deal Highlights Contract Value: ₹747.64 Crore (approx.) Client: Adani Green Energy Limited (India’s leading renewable energy player). Project Locations: Khavda (Gujarat) and Rajasthan. Execution Timeline: January 2026 to December 2026. Operational Scope The mandate requires Diamond Power to supply specialized cabling for massive renewable energy infrastructure projects, including the Khavda renewable energy park—billed as the world’s largest renewable installation. The specific supply requirements include: 2,126 km of 33KV High-Voltage Cables. 3,539 km of 3.3KV Solar Medium-Voltage Cables. Strategic Implications Revenue Visibility: The defined execution window (CY2026) provides clear revenue visibility for the coming fiscal periods, supporting cash flow stability. Risk Mitigation: The purchase order is structured on a kilometre-rate basis with an embedded price variation formula. This is a crucial safeguard for margins, protecting the company against volatility in raw material prices (copper/aluminum) during the execution phase. Turnaround Validation: Following its recent corporate debt restructuring, this massive order signals a successful return to scale. It validates market confidence in Diamond Power's manufacturing capabilities for high-specification electrical equipment. Governance: The company has confirmed this is an arm's-length transaction with no related party interests or promoter involvement between the two entities.