Diamond Power bags orders worth Rs 409 crore from Adani Green Energy

Diamond Power Infrastructure on Monday said that it has secured an order worth Rs 409 crore for supply of cables to Adani Green Energy.

"Our company has received a letter of intent from Adani Green Energy Ltd worth Rs 409 crore (inclusive GST) for supply for various LV/MV cables," a BSE filing said.

According to the filing, the supply order has to be completed by December 2024.

None of the promoter/promoter group/group companies have any interest in the entity, Diamond Power said, adding the work doesn't fall under the ambit of related party transactions.