New Delhi: In a major development, the Adani Energy Solutions Ltd gave an order to Diamond Power Infrastructure Limited for the supply of 5,403 kilometers of AL-59 Zebra conductor for the Jamnagar project.
As per the company’s exchange filing, the order is valued at Rs 236.71 crore. It is important to note that for the supply of the Zebra conductor, the company has been given time until June 30, 2026. Notably, the order is on a per-kilometer basis with price variation clauses, reflecting the large-scale requirements of the Jamnagar project.
Diamond Power clarified that the contract does not constitute a related-party transaction and that its promoter group has no interest in Adani Energy. The Gujarat-based company views this win as a significant boost to its order book and as validation of its capabilities in India’s power transmission sector.
Here are some of the key details:
- Diamond Power Infra shares have seen a rise of 0.17 percent in the past one month.
- In 3 months, this stock has delivered a return of 49 percent.
- In one year, Diamond Power Infrastructure Limited’s share has jumped by around 10%. Over 5 years, it has given a whopping 5,448 percent return.
- The company’s market capitalization stands at Rs 7,917.74 crore.
Diamond Power Infrastructure Limited
Diamond Power Infrastructure Limited is engaged in the business of manufacturing, transmission, and distribution of power products and services in India. Based in Vadodara, Gujarat, Diamond Power Infrastructure Limited (DPIL) was an integrated power transmission and distribution (T&D) solutions provider, offering conductors, cables, transmission towers, and EPC services under the brand name “DIACABS.”