Diamond Power Infrastructure Ltd on Thursday (December 4) said it has received a letter of intent worth ₹747.64 crore from Adani Green Energy Limited for supplying power and solar cables to its Khavda and Rajasthan projects. The company informed the stock exchanges that the value is exclusive of GST.

Under the order, Diamond Power will supply 2,126 km of 33KV high-voltage cables and 3,539 km of 3.3KV solar medium-voltage cables. The purchase order has been placed on a kilometre-rate basis with a price variation formula.

Adani Green Energy Limited, a domestic entity, is the awarding party. The company clarified that none of its promoters, promoter group entities or group companies have any interest in Adani Green, and the transaction does not fall under related party dealings.

Also Read

See Full Page