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Diamond Power Infrastructure Ltd has secured a letter of intent from Adani Electricity Mumbai Ltd for the supply of power cables valued at INR 45.47 crore, inclusive of GST. The contract is scheduled for execution over a one-year period from May 2026 to May 2027. The company clarified that the transaction does not qualify as a related party deal. The order reflects ongoing procurement activity in Mumbai's power distribution network, where utilities continue to invest in infrastructure upgrades and capacity augmentation to support rising electricity demand across the metropolitan region.
Diamond Power Infrastructure Ltd has received a letter of intent from Adani Electricity Mumbai Ltd for the supply of power cables valued at INR 45.47 crore, according to a regulatory filing issued in the past week. The order, which includes applicable GST, is scheduled to be executed over a 12-month period from May 2026 to May 2027. Advertisement
The company stated that the scope of work involves the supply of cables to support Adani Electricity Mumbai's distribution network. While specific technical specifications were not disclosed, such contracts typically relate to strengthening and expanding urban electricity infrastructure to meet increasing demand and maintain grid reliability.
The order has been confirmed as a non-related party transaction, indicating that the agreement has been executed on an arm's length basis. This clarification forms part of standard disclosure requirements for listed companies undertaking commercial engagements of this scale.
Adani Electricity Mumbai Ltd, which manages power distribution across the city and its suburban regions, has been undertaking infrastructure investments aimed at enhancing network resilience and supporting load growth in the Mumbai Metropolitan Region. Procurement of cables forms a critical component of these upgrades, particularly in densely built urban environments where underground and overhead transmission systems require regular augmentation.
The execution timeline spanning from May 2026 to May 2027 suggests phased delivery aligned with project requirements and network expansion schedules. Such timelines are typically structured to ensure continuity of supply and integration with ongoing infrastructure works across multiple locations.
For Diamond Power Infrastructure, the order adds to its existing portfolio of supply contracts within the power transmission and distribution segment. The company is engaged in manufacturing and supplying cables and related products used in electricity networks, catering to utilities and infrastructure developers.
The contract reflects continued capital expenditure by power distribution companies to upgrade and maintain network infrastructure in high-demand urban centres. In Mumbai, where space constraints and load density pose operational challenges, investments in cable systems and associated infrastructure remain essential for ensuring reliable electricity supply.
The development also indicates sustained activity in the utilities procurement segment, where distribution companies are entering into supply agreements to support both capacity enhancement and system modernisation initiatives.
Source - PTI
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