The order encompasses design, engineering, manufacturing, assembly, testing at the manufacturer’s facility, packing, dispatch, and transportation, including transit insurance, based on a Delivery at Place (DAP) method.
According to the contract, Diamond Power Infrastructure is set to provide 1,050 km of AL59 Moose conductor for the Tuticorin project, along with 3,770 km of AL59 Zebra conductor for the Pune-III project.
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The ₹185.16 crore order value includes packing and forwarding charges as well as freight and transit insurance fees, but it does not cover GST. The total value with 18% GST amounts to ₹218.49 crore.
The pricing of the contract is tied to a variable-price mechanism that reflects the aluminium London Metal Exchange (LME) prices, aluminium premium, and USD/INR exchange rate. The final contract value will be established based on the agreed Price Variation (PV) formula, using the average LME and USD/INR rates from the month prior to the scheduled dispatch month.
Deliveries for this contract are planned over approximately eight months, from July 2026 to February 2027. The company indicated that the order was awarded by Adani Energy Solutions on behalf of its project special purpose vehicles. This transaction involves an unrelated third party and does not qualify as a related party transaction.
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Kavish Shah, Vice President – Corporate Strategy at Diamond Power Infrastructure Limited, commented, “The ongoing confidence of a prominent customer in DPIL’s conductor manufacturing capabilities reinforces our relationship with AESL; it enhances visibility for FY27; and highlights the growth in India’s transmission capital expenditure cycle.”
Diamond Power Infrastructure, a manufacturer of conductors, power cables, and transformers, has been steadily rebuilding its order book following its corporate debt restructuring in recent years.
Shares of Diamond Power Infrastructure Ltd closed at ₹226.00, down by ₹0.35, or 0.15%, on the BSE.
