Diamond Power Infrastructure Limited has announced the receipt of a Letter of Intent (LOI) from KPI Green Energy Limited, an EPC Contractor. The order is for the supply of Power Cables, with a broad consideration of Rs. 93,08,17,689/- (over ₹93.08 crore), inclusive of GST. The domestic order is set to be executed by June 30, 2026. The company confirmed that this transaction does not involve related parties and the terms are deemed to be at ‘arm’s length’.
Intimation of Significant Order Receipt
Pursuant to regulatory requirements, Diamond Power Infrastructure Limited is informing the exchanges about the receipt of a crucial Letter of Intent (LOI). This LOI has been issued by KPI Green Energy Limited, acting as an EPC Contractor for the project.
Key Commercial Terms
The contract awarded is for the Supply of Power Cables. The total consideration for this significant business deal is quantified at Rs. 93,08,17,689/- (Rupees Ninety-Three Crores Eight Lakhs Seventeen Thousand Six Hundred Eighty-Nine only), with the value being inclusive of GST.
- Awarding Entity: KPI Green Energy Limited, EPC Contractor
- Nature of Contract: Supply of Power Cables
- Contract Basis: Awarded on “Kms rate basis with PV Formulae”
- Execution Deadline: The order is expected to be executed by June 30, 2026.
- Entity Type: The order has been awarded by a Domestic Entity.
Related Party Disclosure
The company has confirmed that there is no interest held by its Promoter/Promoter Group/Group Companies in the entity that awarded this order. Furthermore, the transaction does not fall within the ambit of Related Party Transactions, confirming that the work is done at an “arm’s length” basis.
The management of Diamond Power Infrastructure Limited requests that this material information be taken on record as per applicable disclosure norms.
Source: BSE
