Quality Power to acquire Winwin Insulators for INR 315 Crores
Quality Power Electrical Equipments Limited announced the execution of a term sheet to acquire 100% of Winwin Speciality Insulators Limited for an enterprise value of approximately INR 315 Crores. The acquisition adds high-voltage ceramic insulator manufacturing up to 1200 kV and the heritage WS Insulators brand, established in 1961, to Quality Power's portfolio. The transaction is subject to customary due diligence, statutory and regulatory approvals, and is expected to be completed within three months.

*this image is generated using AI for illustrative purposes only.
Quality Power Electrical Equipments Limited announced on 9 June 2026 that it executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators Limited for an enterprise value of approximately INR 315 Crores. The strategic acquisition adds high-voltage ceramic insulator manufacturing up to 1200 kV and the heritage WS Insulators brand, established in 1961, to Quality Power's portfolio. The transaction is subject to customary due diligence, statutory and regulatory approvals, and is expected to be completed within three months.
The acquisition strengthens Quality Power's high-voltage product portfolio as global capital deployment into transmission networks and grid modernization accelerates. Winwin Speciality Insulators Limited operates a fully automated facility in the Atchutapuram Special Economic Zone near Visakhapatnam, Andhra Pradesh. The facility has an installed capacity of approximately 18,000 MTPA for ceramic insulators and produces polymeric insulators up to 400 kV to IEC, ANSI and IS standards.
Strategic Manufacturing Platform
The manufacturing plant is situated on approximately 47.7 acres within a prime industrial corridor, offering strategic access to both Visakhapatnam Port and Gangavaram Port. The facility has been modernized with European-origin process technology and automated manufacturing systems. Its SEZ location provides logistical and fiscal advantages, including duty-efficient import of machinery and raw materials, as well as export-oriented infrastructure.
Mr. Bharanidharan Pandyan, Joint Managing Director of Quality Power Electrical Equipments Limited, stated that the acquisition provides a high-voltage insulator manufacturing platform and a substantial industrial land parcel in a strategic port-linked manufacturing corridor. He noted that the automated systems and European-origin process technology offer a foundation to build a world-class insulator business amid global investments in grid expansion and renewable integration.
Acquisition Track Record
This proposed acquisition continues Quality Power's strategy of targeted acquisitions across the high-voltage power equipment value chain. The company has previously acquired several entities to expand its technological capabilities and market reach. The table below summarises Quality Power's acquisition history:
| Year: | Target | Strategic Contribution | Segment |
|---|---|---|---|
| 2026 | Winwin Speciality Insulators Limited (proposed, 100%) | Adds high-voltage ceramic and polymeric insulator manufacturing and the heritage WS Insulators brand. | High Voltage |
| 2025 | Sukrut Electric Company Private Limited (50%) | Acquired jointly with Yash Highvoltage Limited as a 50:50 joint venture, through a complete buyout of the Pune-based transformer-component manufacturer (founded 1967) from its German promoter. | Components |
| 2025 | Mehru Electrical and Mechanical Engineers Private Limited (51%) | Reinforced expertise in high-voltage instrument transformers up to 500 kV, strengthening leadership in power-grid solutions. | High Voltage |
| 2022 | TTDI Private Limited | Acquired select manufacturing assets and test equipment to enhance high-voltage product manufacturing. | High Voltage |
| 2022 | Electrical Power Equipment Company (EPEC) (100%) | Expanded offerings in medium-voltage instrument transformers. | High Voltage |
| 2022 | Nebeskie Labs Private Limited (26%) | Enhanced real-time monitoring and analytics capabilities. | Automation |
| 2019 | S&S Transformers and Accessories Private Limited (100%) | Strengthened medium-voltage transformer production. | Medium Voltage |
| 2011 | Endoks Enerji Anonim Åžirketi (Turkey) (51%) | Strengthened expertise in digital energy solutions. | Power Electronics |
Historical Stock Returns for Quality Power Electrical Equipments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.72% | +8.23% | -10.43% | +65.23% | +134.16% | +192.27% |
How will Quality Power finance the INR 315 Crore acquisition, and what impact will this have on its leverage ratios?
What specific revenue synergies does Quality Power expect to achieve by integrating Winwin's product line with its existing portfolio?
Will the acquisition trigger any expansion of the Atchutapuram facility's capacity to meet the projected surge in global grid modernization demand?


































