Diamond Power Infrastructure Secures Rs. 175 Crore Order from Associated Power Structures Limited
March 20, 2025 – In a significant development, Diamond Power Infrastructure Limited (DICABS) has received a Letter of Intent (LOI) from Associated Power Structures Limited for an order worth Rs. 175,17,05,458/-. The announcement was made to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights of the Order:
Recipient of the LOI:
Diamond Power Infrastructure Limited (DICABS), headquartered in Ahmedabad, Gujarat, is a prominent manufacturer of power cables and conductors. The company also operates in the Fast Moving Electrical Goods (FMEG) sector and is recognized as one of India’s leading single-location power cable and conductor manufacturers.
Issuer of the LOI:
Associated Power Structures Limited has awarded this contract to DICABS.
Order Value:
Rs. 175,17,05,458/-.
Nature of the Order:
The contract entails the supply of AL-59 Conductors as per GETCO Technical Specifications. The purchase order (PO) has been awarded on a “Kms rate basis with PV Formulae” and will be supplied to Associated Power Structures Limited.
Project Details and Execution Timeline:
The order includes multiple transmission line projects, each with specific timelines:
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400kV D/C Line Reconfiguration:
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Quantity: 347 km
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Completion: September 2025
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Value: Rs. 17,19,39,214/-
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400kV D/C Sanand (Chharodi) – Soja Line:
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Quantity: 882 km
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Completion: 265 km by May 2025, 617 km by July 2025
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Value: Rs. 47,22,34,250/-
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400kV D/C Veloda – Prantij Line (Package-1):
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Quantity: 477 km
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Completion: 239 km by May 2025, 238 km by June 2025
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Value: Rs. 73,63,54,482/-
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400kV D/C Kalawad-Saurashtra (765kV) Line (Package-2):
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Quantity: 968 km
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Completion: 484 km by June 2025, 484 km by August 2025
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Value: Rs. 48,74,00,661/-
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400kV D/C Saykha – Jhanor Line:
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Quantity: 412 km
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Completion: November 2025
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Value: Rs. 20,20,92,822/-
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220kV D/C Maglana-Pachham Line (GEC-II Scheme):
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Quantity: 483 km
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Completion: 242 km by June 2025, 241 km by August 2025
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Value: Rs. 73,16,84,029/-
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Total Quantity: 3,569 km
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Total Value: Rs. 175,17,05,458/-
Other Important Details:
Awarding Entity:
The contract has been awarded by a domestic entity, Associated Power Structures Limited.
Promoter/Promoter Group Interest:
DICABS has confirmed that no promoter, promoter group, or group companies have any financial interest in the awarding entity.
Related Party Transactions:
The company has clarified that this transaction does not fall under related party transactions.
Regulatory Compliance:
This disclosure has been made as per SEBI’s Listing Regulations (Regulation 30) and SEBI circulars dated July 13, 2023, July 11, 2023, and November 11, 2024.
Significance of the Order for DICABS
The receipt of this large-scale contract further strengthens Diamond Power Infrastructure Limited’s position in the power infrastructure sector. The order underscores the company’s capabilities in manufacturing and supplying high-quality conductors for large-scale transmission projects.
This order is independent of other recent major business developments, such as the merger of GB Global Limited with Dev Land & Housing Private Limited and the defense export order secured by Premier Explosives Limited.
With execution timelines stretching through November 2025, this contract is expected to contribute significantly to the company’s growth trajectory and financial performance in the coming quarters.
