Shares of Arfin India Limited were trading in the red and 2% lower on 29 December despite the company announcing that it has secured a Rs 321 crore order from Diamond Power Infrastructure Ltd for supplying aluminium sector conductors.

The order is for an aggregate amount of 11,000 metric tonnes, to be completed over 11 months from January to November 2026, resulting in a monthly supply of approximately 1,000 tonnes. The company expects a monthly order value of around Rs 29.2 crore, excluding GST.

This is a repeat order for the same customer. Arfin India had previously obtained an order for 1,000 MT worth at roughly Rs 29.2 crore. The latest contract strengthens their long-term customer relationships and market position.

The company further said that none of its promoters or promoter group entities have any interest in the awarding corporation, and the transaction is not subject to related-party rules.

At 3:30 pm, the shares of Arfin India closed 1.67% lower at Rs 68.50 on NSE.

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