Diamond Power Infra Receives LOI for ₹66.18 Crore Power Cable Supply Order
Diamond Power Infrastructure Limited has announced the receipt of a Letter of Intent (LOI) from Hild Projects Private Limited, an EPC Contractor. The LOI is for the supply of power cables, with a valu...
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Why is Diamond Power Infrastructure Limited in the news today?
Diamond Power Infrastructure Limited (DIACABS) is in the news due to the company has received a significant new order, which is a positive development for its business.
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Diamond Power Infra Receives LOI for ₹66.18 Crore Power Cable Supply Order
December 27, 2025, 07:02 AM
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Diamond Power Infrastructure Limited has announced the receipt of a Letter of Intent (LOI) from Hild Projects Private Limited, an EPC Contractor. The LOI is for the supply of power cables, with a value of ₹66,18,25,690 (Rupees Sixty-Six Crores Eighteen Lakhs Twenty-five Thousand Six Hundred Ninety only), exclusive of GST.
The order is from a domestic entity and is to be executed between January 1, 2026, and June 30, 2026. The nature of the contract is on a "Kms rate basis with PV Formulae". The company has confirmed that its promoters, promoter group, or group companies do not have any interest in Hild Projects Private Limited, and the contract does not fall under related party transactions.
This development signifies new business for Diamond Power Infrastructure Limited in the power cable supply sector.
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