Diamond Power Infrastructure Limited has announced the receipt of a Letter of Intent (LOI) from Uttar Gujarat Vij Company Limited (UGVCL) for a significant cable supply contract. The total value of the order is Rs. 43,93,97,438/- (inclusive of GST). The contract involves the supply of 453 km of cables and is categorized as a domestic transaction. Execution is expected to occur in equal monthly lots following a 45-day commencement period after acceptance.
New Order Confirmation
Diamond Power Infrastructure Limited has formally disclosed the receipt of a Letter of Intent (LOI) regarding a new order award. This intimation was issued on March 30, 2026, detailing a significant transaction set to enhance the company’s order book.
Key Contract Details
The contract was awarded by Uttar Gujarat Vij Company Limited (UGVCL), confirming a domestic engagement for the firm. The brief outlines the scope of work as the Supply of Cables.
- Broad Consideration: The total value is pegged at Rs. 43,93,97,438/- (Rupees Forty Three Cores Ninety Three Lakhs Ninety Seven Thousand Four Hundred Thirty-Eight only), inclusive of all applicable taxes.
- Nature of Supply: The specific quantity involved is the supply of 453 km cables.
Execution and Timeline
The execution period for the contract is structured precisely. The work is to be executed within 7 months, delivered in equal monthly lots. This execution timeline is contingent upon a commencement period of 45 days from the date of receipt of the letter of acceptance by the respective DISCOMS.
Related Party Assessment
The company confirmed that neither the Promoter, Promoter Group, nor any group companies hold any interest in the awarding entity (UGVCL). Furthermore, the work involved does not fall within the ambit of Related Party Transactions, ensuring the deal was conducted at an "arm’s length" basis.
Source: BSE
