Diamond Power Infrastructure Limited has received a significant Letter of Intent (LOI) from the Gujarat Energy Transmission Corporation Limited (GETCL). The order is for the supply of cables valued at Rs. 60,53,40,000/- (Rupees Sixty Crores Fifty-Three Lakhs Forty Thousand only), inclusive of GST. The contract, awarded by a domestic entity, involves supplying approximately 270 km of cables and must be executed within 4 months of the Purchase Order issuance.
Announcement of Key Contract Award
Diamond Power Infrastructure Limited has formally announced the receipt of a Letter of Intent (LOI) for a substantial project involving the supply of cables. The award was made by the Gujarat Energy Transmission Corporation Limited (GETCL), a domestic entity.
Financial Significance and Scope
The broad consideration size for this order is Rs. 60,53,40,000/- (Rupees Sixty Crores Fifty-Three Lakhs Forty Thousand only), inclusive of all applicable taxes (GST). The specific nature of the contract involves the Supply of 270 km cables to the awarding entity.
Execution Timeline and Compliance
The agreement mandates a strict execution timeline. The supply and execution of the ordered work must be completed Within 4 months from the day of the Purchase Order being issued. The company confirms that the promoter/promoter group companies hold No interest in the awarding entity, and the transaction does not fall under the ambit of Related Party Transactions.
This intimation was officially dispatched on March 30, 2026, providing necessary details as required by relevant regulatory circulars.
Source: BSE
