Diamond Power Infrastructure has secured a Rs. 19.6 crore cable supply contract from Adani Green Energy, marking a new business agreement between the two companies. The deal, valued at approximately $2.7 million, is scheduled for execution in the next 15 days and does not involve any related party transactions or promoter connections.
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Diamond Power secured orders worth INR 163 crore from the Adani Group, with notable orders coming from Adani Power (INR 43.3 crore) and Adani Electricity (INR 100.5 crore). The company's Q3 FY26 net profit surged by an impressive 693% to INR 49.72 crore, attributable to a strong sales growth of 54.2%, reaching INR 474.08 crore.
Diamond Power Infrastructure just landed a ₹432.6 million contract, boosting their upcoming projects. This significant order will contribute positively to the company's revenue.
Diamond Power Infrastructure has secured a significant ₹43.9 crore cable supply contract from Uttar Gujarat Vij Company. The project spans over 453 kilometers and is expected to be completed within seven months, considering GST implications.
Diamond Power Infrastructure secures a Rs 44 crore order, strengthening their order book and improving short-term project execution prospects.
Diamond Power Infra has secured ₹43.9 crore in orders for EHV cables from GETCO and UGVCL, boosting their order book over ₹3500 crores. Despite this positive news, Diamond Power Infra Limited's shares dropped by 3.4% to ₹118.8 on the NSE today.