Diamond Power Infrastructure has received a letter of intent (LoI) from Swastika Infra for the supply of power cables. The company bagged a contract worth Rs 109.38 crore.
The order entails the supply of 11 kV 240 sq. mm XLPE Al 3 core cable for robust project under MGVCL schemes, and has been awarded on km rate basis to be supplied to Swastika Infra, contractor of Madhya Gujarat Vij Company (MGVCL).
It further strengthens Diamond Power’s footprint in the domestic market, as a manufacturer of power cables and conductors, with an installed capacity of over 2,50,000 MT per annum of conductor.
In July this year, the company had also signed a contract worth approx. Rs 409 crore for the supply of low- and medium-voltage cables from Adani Green Energy.