Diamond Power has received a significant order boost with a INR 72.51 crore power cable supply LoI from L&T.
Jan 05, 2026
Diamond Power (DICABS) has received a Letter of Intent (LoI) from Larsen & Toubro Limited – Construction for the supply of power cables valued at INR 72.51 crore, excluding GST. The order, awarded by a domestic entity, will be executed on a kilometre rate basis with a PV formula, allowing price adjustments to mitigate raw material cost fluctuations.
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The company clarified that the transaction is not a related-party deal, with no promoter or group company interest in L&T. Securing this order from a leading infrastructure major further strengthens Diamond Power’s position as a trusted supplier in large-scale power projects.
