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.

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The execution timeline for the order runs from January 2026 to December 2027. The company said the contract involves the supply of cables for renewable energy infrastructure at the two project locations.

Adani Energy Solutions, part of the Adani Group, is developing large transmission corridors to evacuate renewable energy from the Khavda renewable energy park in Kutch, billed as the world’s largest renewable energy installation. The transmission package involves high-capacity lines to move power from wind and solar projects under development in the region.

Diamond Power Infrastructure, which manufactures conductors, power cables and transformers, has been gradually rebuilding its order book after completing its corporate debt restructuring in recent years.

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Shares of Diamond Power Infrastructure Ltd ended at ₹143, down by ₹0.85, or 0.59%, on the BSE today, December 4.