The order includes design, engineering, manufacturing, assembly, testing at the manufacturer’s works, packing, dispatch and transportation with transit insurance on a Delivery at Place (DAP) basis.
Under the contract, Diamond Power Infrastructure will supply 1,050 km of AL59 Moose conductor for the Tuticorin project and 3,770 km of AL59 Zebra conductor for the Pune-III project.
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The order value of ₹185.16 crore includes packing and forwarding charges and freight and transit insurance charges, but excludes GST. The value including GST at 18% stands at ₹218.49 crore.
The contract price is based on a variable-price mechanism linked to aluminium London Metal Exchange (LME) prices, aluminium premium and the USD/INR exchange rate. The final contract value will be determined through the agreed Price Variation (PV) formula based on the average LME and USD/INR rate of the month preceding the scheduled dispatch month.
Deliveries under the contract are scheduled over approximately eight months, from July 2026 to February 2027. The company said the order has been awarded by Adani Energy Solutions for and on behalf of its project special purpose vehicles. The transaction is from an unrelated third party and is not a related party transaction.
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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.”
Diamond Power Infrastructure, which manufactures conductors, power cables and transformers, has been gradually rebuilding its order book after completing its corporate debt restructuring in recent years.
Shares of Diamond Power Infrastructure Ltd ended at ₹226.00, down by ₹0.35, or 0.15%, on the BSE.
