Diamond Power Infrastructure Ltd (Diacabs) wins ₹747 crore Adani Green HV cable order for Khavda, Rajasthan projects

LOI from Adani Green boosts order book

Diacabs has notified the stock exchanges that it has received a Letter of Intent from Adani Green Energy Limited for a large power cable supply package. The scope covers supply of 33kV HV cables over 2,126 km and 3.3kV solar MV cables over 3,539 km for Khavda and Rajasthan renewable energy projects, on a “km-rate basis with PV formulae”. This enhances Diacabs’ positioning in India’s fast-growing green energy transmission value chain.​

The work, classified as a domestic order, is scheduled to be executed between January 2026 and December 2026. The total order size stands at ₹747,64,01,400, excluding taxes. The company has clarified that none of its promoters or group entities have any interest in Adani Green, and that the contract does not fall under related party transactions, implying an arm’s-length award.​

Key highlights

Client: Adani Green Energy Limited.​

Scope: Supply of 33kV HV cables (2,126 km) and 3.3kV solar MV cables (3,539 km) for Khavda and Rajasthan projects.​

Value: Approx. ₹747.64 crore, exclusive of GST.​

Contract type: Domestic purchase order on km-rate basis with price variation (PV) formulae.​

Execution window: January 2026–December 2026.​

Governance: No promoter/group interest; not a related party transaction.​

Source: Diamond Power Infrastructure Ltd (Diacabs) – BSE/NSE disclosure and Annexure on LOI from Adani Green Energy Ltd dated December 4, 2025.​