Shares of Diamond Power Infrastructure Ltd fell 0.75% after touching a day’s high of Rs 143.63 on 29th December, despite the company announcing on Friday, 26th December, that it had received a letter of intent from Hild Projects Private Limited to supply power cables worth Rs 66.18 crore, excluding taxes, according to an exchange filing.

The order comes from Hild Projects, a domestic EPC contractor. It will be executed on a kilometre-rate basis with a price variation formula. The project is scheduled from 1st January 2026 to 30th June 2026.

Diamond Power Infrastructure confirmed that its promoters and promoter group have no interest in Hild Projects. Therefore, the contract is not a related-party transaction.

The company, which operates in the power cables segment, continues to benefit from new orders. These are linked to transmission and infrastructure projects.

At 12:55 PM, shares of Diamond Power were trading 0.58% lower at Rs 139.12 on NSE.

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