Diamond Power Infrastructure Receives ₹31.51 Crore Conductor Supply Order From Tata Power Renewable; Shares Slip 0.31%

Mumbai, March 12: Diamond Power Infrastructure Limited disclosed on Thursday that it has received a Letter of Intent from Tata Power Renewable Energy Limited for the supply of AL-59 Eco Conductors valued at ₹31,51,08,490 inclusive of GST. The company reported the development in an exchange filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the regulatory filing addressed to BSE and the National Stock Exchange of India Limited, the order involves the supply of 869 kilometres of AL-59 Eco Conductors. The contract has been awarded by Tata Power Renewable Energy Limited, which is identified as a domestic entity.

The disclosure was submitted together with the prescribed event details in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The company stated that execution of the order is expected to be completed within four months from the date of the purchase order.

Share Price Movement On March 12, 2026

Diamond Power Infrastructure Limited share price edged lower during Thursday’s session despite the order disclosure.

The stock was trading at ₹136.88, down ₹0.43 or 0.31%, as of 3:07 pm IST on March 12, 2026, according to exchange data. The intraday session showed the stock touching a high of ₹140.28 and a low of ₹133.38 so far, with the opening price recorded at ₹135.35.

Market participants appeared to react cautiously, with the price slipping marginally below the previous close of ₹137.31 even as the company reported the fresh supply order.

Company Background

Diamond Power Infrastructure Limited is engaged in the manufacturing of power transmission conductors, cables and transmission infrastructure components used in electricity networks. The company supplies products used in transmission and distribution projects for utilities, infrastructure developers and power generation companies.

Its conductor portfolio includes aluminium conductors and specialised eco conductors designed for high capacity transmission lines and grid infrastructure.

According to the filing, none of the promoters, promoter group entities or group companies have any interest in the entity awarding the contract. The company also clarified that the order does not fall within the ambit of related party transactions and is executed on an arm’s length basis.

Conclusion

The receipt of the Letter of Intent from Tata Power Renewable Energy Limited adds a new domestic supply contract for Diamond Power Infrastructure Limited in the transmission conductor segment. The project involves the delivery of AL-59 Eco Conductors over a four month execution period.

While the order represents a contract value of ₹31.51 crore as disclosed in the exchange filing dated March 12, 2026, the company’s share price traded marginally lower during the session, reflecting a muted immediate market reaction.

Source:

• https://www.nseindia.com/get-quote/equity/DIACABS/Diamond-Power-Infrastructure-Limited`
• https://nsearchives.nseindia.com/corporate/DIACABS_12032026134902_Regulation_30-Receipt_of_Letter_of_Intent.pdf