Diamond Power Infrastructure has received a significant Letter of Intent (LOI) from Tata Power Renewable Energy Limited for the supply of specialized conductors. The contract is valued at Rs. 31,51,08,490/- (including GST). The order involves the supply of 869 km of AL-59 Eco Conductors and is designated as a domestic order. The execution period for this significant supply contract is set to be within 4 months from the date of the purchase order.
Major LOI Secured for Conductor Supply
Diamond Power Infrastructure Limited announced on March 12, 2026, that it has secured a Letter of Intent (LOI) from Tata Power Renewable Energy Limited. This event is being disclosed pursuant to applicable continuous disclosure requirements.
Financial Scope and Material Terms
The total consideration for the order is substantial, amounting to Rs. 31,51,08,490/- (Rupees Thirty-One Crore Fifty-One Lakhs Eight Thousand Four Hundred Ninety only), inclusive of GST. The specific subject matter of the contract is the Supply of Conductors.
Key Contract Details
- Awarding Entity: Tata Power Renewable Energy Limited
- Scope of Supply: Supply of 869 km AL-59 Eco Conductors.
- Nature of Transaction: The contract is classified as a Domestic order.
- Execution Timeline: The work must be executed Within 4 months from the date of the Purchase order.
Related Party Disclosure
The company has confirmed that there is None of the Promoter/Promoter Group/Group Companies that have any interest in the entity that awarded the order. Furthermore, the transaction does not fall within the ambit of Related Party Transactions, confirming it is conducted at an ‘arm’s length’ basis.
Source: BSE
