Diamond Power Infrastructure Ltd (DPIL) has received a Letter of Award worth ₹185.16 crore from Adani Energy Solutions Ltd (AESL) for the supply of aluminium alloy conductors for two transmission projects.
The order is for the supply of AL59 aluminium alloy conductors and covers design, engineering, manufacturing, testing, packing, dispatch and transportation on a Delivery-at-Place (DAP) basis.
Transmission projects
The contract includes the supply of 1,050 km of AL59 Moose Conductors for the Tuticorin transmission project and 3,770 km of AL59 Zebra Conductors for the Pune-III transmission project.
The order value of ₹185.16 crore is exclusive of GST and includes packing, forwarding, freight and transit insurance. Including GST, the contract value stands at around ₹218 crore.
Variable-price contract
The contract is on a variable-price basis linked to aluminium prices on the London Metal Exchange (LME) and movements in the USD/INR exchange rate through an agreed price variation formula.
The company said the final realised value of the order may vary depending on commodity prices and currency fluctuations. Deliveries are scheduled between July 2026 and February 2027.
Company outlook
Diamond Power Infrastructure, Vice President – Corporate Strategy, Kavish Shah, said, “The continued confidence of a marquee customer in DPIL’s conductor manufacturing capability builds on the Company’s existing relationship with AESL, supports revenue visibility for FY27 and reflects the growth in India’s transmission capital expenditure cycle.”
The order further strengthens the company’s position in the power transmission sector amid rising investments in grid expansion and energy infrastructure.
Company background
Diamond Power Infrastructure Ltd is a Gujarat-based integrated manufacturer of power transmission and distribution equipment under the DICABS brand.
The company manufactures conductors and low, medium, high and extra-high-voltage cables for utilities, infrastructure, renewable energy, oil and gas, defence, data centres and industrial customers in India and overseas.