Diamond Power bags ₹57.6 crore solar evacuation order from Adani group EPC

Diamond Power Infrastructure Limited has notified the exchanges about receiving a Letter of Intent from Adani Power Services Limited, acting as EPC contractor, for a significant underground cabling package. The scope includes supply of 11 kV and 33 kV, 300 sq mm XLPE underground cables conforming to UGVCL Robust 2.0 specifications for a “Kms route based with PV formula” solar evacuation project.​

The contract, classified as a domestic order, carries a total consideration of approximately ₹57.58 crore inclusive of taxes and is slated for execution between 1 January 2026 and 30 June 2026. Dicabs clarified that neither its promoters nor group companies have any interest in the awarding entity and that the order does not fall under related‑party transactions, underscoring arm’s‑length commercial terms.​

Key highlights

Customer: Adani Power Services Ltd, EPC contractor.​

Scope: Supply of 11 kV and 33 kV, 300 sq mm XLPE underground cables as per UGVCL Robust 2.0 specs.​

Order value: ₹57,58,40,000 including tax.​

Execution window: 1 January 2026 to 30 June 2026.​

Nature: Domestic order; no promoter/group interest; not a related‑party transaction.​

Sources: Diamond Power Infrastructure Ltd (Dicabs) exchange filing – “Intimation of receipt of Letter of Intent for the order” (Regulation 30, SEBI LODR).