Diamond Power Infrastructure Ltd receives LoI for order worth Rs. 1349.11 crores

Diamond Power Infrastructure Limited has received a letter of intent from Adani Energy Solutions Limited worth ₹ 1349.11 Crores for supply of 24,080 AL-59 high-performance conductors.

The order involves Supply of 24,080 kilometers of AL-59 highperformance conductors. The supply will be executed across marquee transmission projects such as Jamnagar, Khavda-IV D, HVDC, Navinal-II, and Mahan-II.

With the addition of this mega order, Diamond Power's consolidated order book now stands at ₹2,800 crore, ensuring strong revenue visibility over the next two years.

In preparation, the company has expanded its AL-59 conductor capacity from 24,000 MTPA to 1,00,000 MTPA, making it one of the largest AL-59 conductor manufacturers in India. This capacity ramp-up is being delivered through three advanced integrated rod mills under its wholly owned subsidiary DICABS NexGen, with two already commissioned and the third due by July 2025.

Demand-Supply Outlook:

- India's power transmission sector is undergoing a massive upgrade to support renewable energy integration, urban infrastructure, and industrial corridors.

- As per CEA and CRISIL estimates, over 300,000 circuit kilometers of new transmission lines are needed by 2030.

- The market for AL-59/HTLS conductors is growing at 15-18% CAGR, with rising demand for higher ampacity and corrosion-resistant lines.

"This historic order from Adani Energy Solutions Ltd. is a transformational moment for us. It affirms our scale, our technical credibility, and our role as a long-term partner in India's grid development. With enhanced capacity and deep execution experience, Diamond Power is future-ready, the fact that its amongst biggest order for AL 59Conductors in India adds to our Pleasure and credibility, "said Kavish Shah, Vice President, Corporate Strategy.

Source : Equity Bulls

Keywords

DiamondPowerInfrastructure LOI OrderWin AdaniEnergySolutions