Diamond Power Shares Jumps Over 2% on Securing ₹72.51 Crore Power Cable Supply LoI from Larsen & Toubro

Diamond Power has strengthened its order pipeline after receiving a significant power cable supply mandate from Larsen & Toubro Limited, enhancing near-term revenue visibility. 

Order Details and Value 

Diamond Power Infrastructure Ltd has received a Letter of Intent (LoI) from Larsen & Toubro Limited – Construction for supplying power cables valued at ₹72.51 crore (exclusive of GST).  

The supply will be executed under a “kilometre rate basis with PV formula”, a pricing mechanism that allows adjustments for price variation, thereby offering protection against raw material cost volatility.  

The execution period is scheduled from January 6, 2026, to September 30, 2026, with a total consideration of ₹72,51,24,746, excluding applicable taxes. 

Strategic Significance  

Securing an order from L&T’s construction arm, a leading player in large-scale infrastructure and power projects, further reinforces Diamond Power’s credibility as a dependable supplier for complex and time-bound assignments. 

About the Company 

Diamond Power Infrastructure Ltd is an Indian manufacturer specialising in power transmission and distribution cables. The company caters to utilities, infrastructure developers and EPC players, offering solutions across high-voltage and low-voltage segments.  

Its focus on quality compliance, project execution capability and large-scale supply positions it as a key participant in India’s expanding power and infrastructure ecosystem. 

Read More: Diamond Power Infrastructure Share Price in Focus; Receives ₹747.64 Crore Order from Adani Green Energy! 

Diamond Power Infrastructure Share Price Performance  

As of January 5, 2026, at 2:06 PM, Diamond Power Infrastructure share price is trading at ₹140.49 per share, reflecting a surge of 2.54% from the previous closing price.  

Conclusion  

The order strengthens Diamond Power’s revenue visibility for upcoming quarters and highlights its execution capability. With a price-variation mechanism and a clearly defined timeline, the contract mitigates cost risks while reinforcing the company’s credibility through association with a leading infrastructure major. 

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