Diamond Power Infrastructure Limited has received a letter of award from Adani Energy Solutions Limited (AESL) for the supply of AL59 aluminium alloy conductors for two transmission projects. The order is valued at Rs 1.85 billion, excluding goods and services tax (GST) and Rs 2.18 billion including GST. The contract covers the design, engineering, manufacture, testing, packing and transportation of 1,050 km of AL59 moose conductors for the Tuticorin transmission project and 3,770 km of AL59 zebra conductors for the Pune-III transmission project. The order will be executed on a variable-price basis, linked to aluminium prices on the London Metal Exchange and movements in the US$/Rs exchange rate.
