Shares of Diamond Power Infrastructure Ltd are trading flat after hitting a day’s high of Rs 145 on 25th November. This occurred even as the company announced on Monday (24th November) that it has received a letter of intent from Adani Energy Solutions Ltd for the supply of conductors worth Rs 276.06 crore for the Khavda renewable energy project.

The order includes 7,668 km of AL-59 Zebra conductors, Diamond Power said in its stock exchange filing. The purchase order is based on a “kilometre-rate with a PV formula.” The project is expected to be completed by 23rd November, 2026.

The company clarified that its promoters and group companies have no connection to the buyer. The contract is not a related-party transaction.

Adani Energy Solutions, part of the Adani Group, is building major transmission lines. These lines will carry power from the massive Khavda renewable energy park in Kutch, considered the world’s largest renewable energy project. They will help move electricity generated from ongoing wind and solar projects in the region.

At 12:45 PM, shares of Diamond Power were trading 0.20% lower at Rs 140.47 on NSE.