Diamond Power Infrastructure (DICABS) Bags ₹747.64 Crore Mega Order from Adani Green Energy

BY ADMIN • FILED 05 Dec 2025, 9:18 AM

In a major boost to its order book, Diamond Power Infrastructure Limited (NSE: DIACABS, BSE: 522163) announced on December 4, 2025, that it has received a Letter of Intent (LoI) from Adani Green Energy Limited for the supply of power cables worth ₹747.64 crore (exclusive of GST).

Key Highlights of the Order:

Total Value: ₹747,64,01,400/- (Rupees Seven Hundred Forty-Seven Crore Sixty-Four Lakh Only), excluding GST
Scope of Supply:
- 2,126 km of 33 kV High Voltage (HV) Cables
- 3,539 km of 3.3 kV Solar Medium Voltage (MV) Cables
Projects: Khavda (Gujarat) and Rajasthan renewable energy projects of Adani Green
Execution Timeline: January 2026 to December 2026
Pricing Mechanism: Awarded on “Kilometer rate basis with Price Variation (PV) Formula”
Nature: Domestic order, not a related-party transaction

This single order is one of the largest cable supply contracts secured by Diamond Power in recent times and significantly strengthens its visibility for FY27 revenue.