Diamond Power Infrastructure Secures ₹93.08 Crore Power Cable Order From KPI Green Energy

Diamond Power Infrastructure Limited told exchanges on February 26, 2026 that it has received a Letter of Intent (LoI) from KPI Green Energy Limited for the supply of power cables valued at ₹93,08,17,689, inclusive of GST. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order is scheduled to be executed by June 30, 2026.

Order Details Under Regulation 30 Disclosure

In its filing dated February 26, 2026, the company set out the core terms of the award in line with SEBI’s Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The LoI has been issued by KPI Green Energy Limited, which operates as an EPC contractor. The scope of work covers the supply of power cables for domestic projects. While the filing does not elaborate on project specifics, it characterises the engagement as a supply contract rather than a turnkey execution mandate.

The purchase order has been awarded on a “kilometre rate basis with PV formulae”, as detailed in Annexure A. In practical terms, such arrangements generally allow for price adjustments through predefined variation clauses, often linked to fluctuations in key input costs. This structure is common in cable and conductor contracts where commodity movements can materially affect margins.

The contract is domestic in nature and is expected to be completed by June 30, 2026. The total value stands at ₹93,08,17,689 inclusive of tax.

Diamond Power Infrastructure also clarified that none of its promoters, promoter group entities or group companies have any interest in the awarding entity. The company further stated that the order does not qualify as a related party transaction.

Diamond Power Infrastructure Stock Market Snapshot

Share price of Diamond Power Infrastructure Limited were trading at ₹140.52, higher by ₹3.90 or 2.85% for the day, as of 1:16 pm IST on February 26, 2026, according to exchange data.

The stock opened at ₹137.98 and moved within a session range of ₹137.30 to ₹146.00 so far. The previous closing price was ₹136.62. Trading volumes appeared steady through the afternoon session, with the stock holding above its opening levels at the time of reporting.

At the prevailing market price, the company’s market capitalisation stood at approximately ₹7,450 crore. Over the past 52 weeks, the stock has touched a high of ₹183.50 and a low of ₹81.52.

Company Background

Diamond Power Infrastructure Limited operates in the power transmission and distribution segment, with a product portfolio that includes conductors and power cables used in utility-scale and infrastructure projects.

Its customer base comprises EPC contractors and infrastructure developers, particularly in transmission, distribution and renewable energy-linked installations. Order inflows of this nature typically feed into near- to medium-term execution pipelines, depending on delivery schedules and client timelines.

Conclusion

The ₹93.08 crore LoI from KPI Green Energy Limited adds to Diamond Power Infrastructure’s confirmed order pipeline, with execution slated through the first half of FY27. As with most LoIs, further documentation and milestone-based progress may follow in subsequent disclosures, in line with regulatory requirements.

Source:

• https://nsearchives.nseindia.com/corporate/DIACABS_26022026125359_Regulation_30-Receipt_of_Letter_of_Intent.pdf
• https://www.nseindia.com/get-quote/equity/DIACABS/Diamond-Power-Infrastructure-Limited