Diamond Power Infrastructure Share Price in Focus; Receives ₹747.64 Crore Order from Adani Green Energy

December 5, 2025: The stock of Diamond Power Infrastructure Ltd was under attention on Thursday after the company announced the receipt of Letter of Intent worth ₹747.64 crore from Adani Green Energy Ltd. The order, disclosed via an exchange filing, involves supply of bulk power and solar cables to renewable energy projects in Gujarat and Rajasthan. The company further explained that the order value is net of the GST.

Major Order with Adani Green Energy

The purchase covers high-voltage and medium-voltage cables essential for transmission infrastructure at two upcoming renewable energy sites. Diamond Power clarified that none of its promoters or related parties have any interest in Adani Green, confirming that the transaction is not a related-party deal.

Scope Of the Supply Contract

Under the contract Diamond Power shall be providing 2,126 km of 33KV high voltage cables and 3,539 km of 3.3KV solar medium voltage cables. The prices are to be determined based on the kilometre rate and will be open to variation formulae. The cables will be deployed at renewable power locations in Khavda Gujarat, and in Rajasthan both of which are major parts of the growing clean-energy infrastructure in India.

Execution Timeline Through 2026

The company stated that deliveries are scheduled between January 2026 and December 2026. The dispatches will be undertaken in phases aligned to the respective project sites. This plan offers the firm a stable implementation channel within a year in line with the Adani Green overall project implementation.

Background of Khavda Renewable Project

A significant portion of the supply will support the Khavda Kutch renewable energy park, reportedly one of the largest renewable energy installations under development globally. The park’s transmission corridors will help integrate new wind and solar capacity into India’s grid.

Share Price Reaction

Diamond Power Infrastructure share price closed at ₹144.54 on 5 December 2025, up ₹1.33 or 0.93% from the previous session. The stock opened at ₹148.65, reaching an intraday high of ₹149.97 and a low of ₹141.60. With a market capitalisation of ₹7,620 crore and a P/E ratio of 123.04, the company has not declared any quarterly dividend. Over the past 52 weeks, the stock has traded between a low of ₹81.50 and a high of ₹183.50. Today’s trading reflects moderate volatility within its price range, indicating cautious investor sentiment while maintaining steady interest in Diamond Power Infrastructure shares 

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