Quality Power Electrical Equipments Limited has announced a significant business win, securing an international order valued at approximately ₹139.40 million (₹13.94 crores) for the supply of high voltage air core reactors.

Order Details

The company disclosed the following key details about the order:

• Nature of Order: Supply of high voltage air core reactors
• Order Value: Approximately ₹13.94 crores (excluding taxes)
• Execution Time: Approximately 18 months
• Client: International entity (name undisclosed due to Non-Disclosure Agreement)

Significance of the Order

This order represents a notable achievement for Quality Power Electrical Equipments, showcasing its capability to secure international contracts in the specialized field of high voltage electrical equipment. The substantial order value and the extended execution period of 18 months suggest a potentially positive impact on the company's revenue stream and order book.

Regulatory Compliance

The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made through the appropriate channels, including updates to the SDD software and the company's website.

Company Background

Quality Power Electrical Equipments Limited specializes in the manufacture of electrical equipment, with a focus on high voltage components such as air core reactors.

This latest order underscores the company's competitive position in the international market for specialized electrical equipment, potentially signaling growth opportunities in the global high voltage electrical components sector.

Investors and stakeholders will likely be watching closely to see how this order contributes to the company's financial performance in the coming quarters, as well as any potential follow-on orders or expansion of international business that may result from this success.

Quality Power Electrical Equipments Limited has announced a series of significant business developments, including new orders and contracts that demonstrate the company's strong position in the electrical equipment market.

Latest Orders

Quality Power Electrical Equipments has secured a new order worth ₹177.00 million. This represents a significant contract win for the electrical equipment manufacturer.

Additionally, the company has secured another order worth ₹110.00 million. These orders collectively strengthen the company's market presence.

Subsidiary Contract

The company's material subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, has received a Letter of Intent (LOI) worth ₹177.00 million for the supply of Instrument Transformers. Key details of this contract include:

Additional Business Developments

Quality Power Electrical Equipments Limited has also secured other notable orders:

1. Air Core Reactor for FACTS Application:

   • Value: ₹110.00 million (Excluding GST)
   • Execution Timeline: 12 Months

2. Iron-Core 6% Copper Wound Reactor:

   • Value: ₹80.00 million (Excluding Taxes)
   • Execution Timeline: 12-15 Months

Transparency and Compliance

The company has confirmed that these transactions do not fall under related party transactions, and the promoters have no interest in the entities awarding the contracts. This disclosure aligns with Quality Power's commitment to transparency and compliance with regulatory requirements.

Corporate Governance

Quality Power recently held its 24th Annual General Meeting through video conferencing. Key highlights include:

• Adoption of audited Standalone and Consolidated Financial Statements
• Declaration of a dividend of ₹1.00 per equity share for non-promoter category shareholders
• Reappointment of Mrs. Chitra Pandyan as a Director
• Approval for continuation of Mrs. Chitra Pandyan as Whole-time Director beyond the age of 70 years

These recent developments underscore Quality Power Electrical Equipments Limited's strong market position and its continued focus on growth and shareholder value creation in the electrical equipment sector.