MoneyWorks4Me

Diamond Power Infrastructure secures letter of intent worth Rs 409 crore

08 Jul 2024 Evaluate

Diamond Power Infrastructure has received a letter of intent from Adani Green Energy worth Rs 409 crore (inclusive GST) for supply of various LV/MV Cables. The work has to be completed within December, 2024 from the date of acceptance.

Earlier, the company had incorporated a wholly owned subsidiary (WOS) by name ‘DICABS Nextgen Special Alloys’ and a Certificate of Incorporation dated June 26, 2024 is issued by the Registrar of Companies, Ministry of Corporate Affairs, Government of India.

Diamond Power Infrastructure (DPIL) has emerged as India’s largest and only integrated manufacturer of power transmission equipment and turnkey services provider (EPC).


Peers
Company Name CMP
Polycab India 8439.35
KEI Industries 4736.90
RR Kabel Ltd. 2470.05
Finolex Cables 1452.05
Precision Wire India 503.90
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