Synopsis: Diamond Power Infrastructure Limited has secured a Letter of Award from Adani Energy Solutions Limited for the supply of AL59 aluminium alloy conductors worth approximately Rs. 185.16 crore, excluding GST. The order strengthens the company’s transmission equipment order book and provides revenue visibility through FY27.
Shares of Diamond Power Infrastructure Limited are likely to remain in focus after the company received a Contract Confirmation/Letter of Award (LoA) from Adani Energy Solutions Limited (AESL) for the supply of AL59 aluminium alloy conductors for two major power transmission projects.
Diamond Power Infrastructure Limited has a total market capitalization of approximately Rs. 1,707 crore. The company’s shares were trading at Rs. 220.96 apiece on the stock exchange, down by 1.76 percent. The stock has declined 2.78 percent over the last five trading sessions, while it has gained 8.04 percent over the last month. The stock touched a 52-week high of Rs. 251.80 and a 52-week low of Rs. 115.57.
According to the company’s exchange filing, the contract involves the design, engineering, manufacturing, assembly, testing, packing, dispatch and transportation of 1,050 km of AL59 Moose conductors for the Tuticorin Project and 3,770 km of AL59 Zebra conductors for the Pune-III Project on a Delivery-at-Place (DAP) basis. The total contract value stands at approximately Rs. 185.16 crore, excluding GST, while the value including GST is approximately Rs. 218.49 crore.
The contract is based on a variable-price mechanism, linked to aluminium prices on the London Metal Exchange (LME) and USD/INR exchange rates through a predefined price variation formula. Deliveries are scheduled between July 2026 and February 2027, providing an execution period of around eight months.
The order significantly strengthens Diamond Power Infrastructure’s transmission products order pipeline and reinforces its relationship with one of India’s largest private power transmission companies. The sizeable order is expected to improve revenue visibility during FY27 while supporting capacity utilisation at the company’s conductor manufacturing facilities.
Large conductor supply contracts also enhance the company’s execution credentials in the power transmission segment. Successful delivery of this project could improve Diamond Power Infrastructure’s competitiveness for future transmission projects from both government utilities and private sector developers as India accelerates investments in grid expansion.
India’s power transmission sector continues to witness strong growth, driven by rising renewable energy capacity, interstate transmission corridors and increasing investments in grid modernisation. Companies such as Adani Energy Solutions are executing large transmission projects to strengthen the national grid, creating sustained demand for high-quality conductors and power cables.
For investors, the order is significant as it adds a high-value project to the company’s order book and provides near-term revenue visibility. Although the final realised contract value may vary due to the variable pricing mechanism linked to aluminium prices and currency movements, the contract reflects Diamond Power Infrastructure’s growing presence in India’s transmission infrastructure value chain.
Incorporated in 1992, Diamond Power Infrastructure Limited is an integrated power transmission and distribution solutions provider engaged in the manufacturing of conductors, and low-, medium-, high- and extra-high-voltage cables along with allied products under the DICABS brand. The company serves utilities, infrastructure, renewable energy, oil & gas, defence, data centres and industrial customers across India and export markets.
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