Diamond Power Infrastructure Limited has received multiple letters of intent from entities within the Adani Group, strengthening its order pipeline. The contracts, spanning renewable energy, power distribution and thermal projects, collectively exceed ₹160 crore.
These developments reflect continued infrastructure activity and demand for cable solutions across key energy segments in India.
The company has secured three separate orders from Adani Green Energy Limited, Adani Electricity Mumbai Limited, and Adani Power Limited. Each contract involves the supply of cables for different applications within the energy value chain.
Diamond Power Infrastructure has received a letter of intent for the supply of cables valued at approximately ₹19.57 crore, inclusive of GST. The order is to be executed within 15 days from the issuance of the letter of intent, indicating a relatively short delivery timeline.
A larger contract has been awarded by Adani Electricity Mumbai Limited, amounting to about ₹100.54 crore. This order involves the supply of high-tension cables of various sizes and is scheduled for execution between April 2026 and February 2027.
The company has also secured an order worth around ₹43.26 crore from Adani Power Limited. The scope includes design, engineering, manufacturing, testing and supply of power and control cables for the Raipur Phase II Thermal Power Project in Chhattisgarh. The execution deadline for this contract is set for July 31, 2026.
All three contracts have been awarded by domestic entities and relate to cable supply across renewable, distribution and thermal power segments. The company has clarified that these transactions do not fall under related party arrangements, and no promoter group entities have any interest in the awarding companies.
The order wins highlight steady demand for transmission and distribution infrastructure as well as ongoing investments in power generation. The mix of short-term and medium-term execution timelines may support revenue visibility over the coming quarters.
Shares of Diamond Power Infrastructure Limited were trading at ₹128.74 as of 12:00 on April 7, 2026, marking a marginal decline of ₹0.36 or 0.28 per cent from the previous close of ₹129.10. The stock opened at ₹129.90 and moved within a range of ₹127.50 to ₹131.04 during the session
Read More:Adani Green Adds Over 5 GW Renewable Capacity in FY26.
The contracts awarded by Adani Group companies represent a notable addition to Diamond Power Infrastructure’s order book. While execution timelines and project delivery will be key factors, the developments indicate continued activity in India’s energy and infrastructure sectors.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 7, 2026, 12:03 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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