Quality Power Electrical Equipments Limited has announced a significant new order worth approximately INR 11.50 crores for the supply of reactors for a STATCOM (Static Synchronous Compensator) project. This development marks a notable achievement for the company in the electrical equipment sector.

Order Details

Quality Power Electrical Equipments received a purchase order from a domestic entity for supplying reactors for the STATCOM project. Key details of the order include:

• Order Value: Approximately INR 11.50 crores (excluding taxes)
• Nature of Order: Single large order for reactor supply
• Execution Timeframe: To be completed within 12 months
• Client: Undisclosed due to a non-disclosure agreement

Project Significance

STATCOM projects are crucial in modern power systems, helping to improve power quality and stability. The substantial order value underscores the importance of Quality Power Electrical Equipments' role in this sector and demonstrates the company's capabilities in manufacturing critical electrical components.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Quality Power Electrical Equipments has promptly disclosed this material development to the stock exchanges. The company has confirmed that:

• The order does not fall under related party transactions
• Promoters have no interest in the entity awarding the order

Company Secretary Statement

Deepak Ramchandra Suryavanshi, Company Secretary and Compliance Officer of Quality Power Electrical Equipments Limited, officially communicated this development to the National Stock Exchange of India Limited and BSE Limited.

This order represents a significant business opportunity for Quality Power Electrical Equipments Limited and may potentially impact the company's financial performance in the coming fiscal year.

Quality Power Electrical Equipments Limited announced that its material step-down subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, has secured two significant orders for Flexible AC Transmission Systems (FACTS) from a European customer. The combined value of these orders amounts to approximately Rs 75.19 crore, marking a notable business development for the company in the power systems sector.

Order Details

The orders, received by ENDOKS ENERJİ ANONİM ŞİRKETİ, are for the supply of FACTS systems to a steel plant in Europe. While the specific customer remains undisclosed due to European General Data Privacy Regulations, the company has provided key details about the contract:

• Nature of Orders: Two large orders for FACTS system supply
• Total Order Value: Approximately Rs 75.19 crore
• Execution Timeline: Estimated delivery over the next year
• Customer: European entity (specific details undisclosed)

Significance of the Orders

These orders represent a significant milestone for Quality Power's subsidiary in the international market. FACTS systems are advanced power electronic solutions that enhance controllability and increase power transfer capability in electrical networks. Their application in a steel plant underscores the growing demand for efficient and flexible power transmission solutions in energy-intensive industries.

Company Disclosure

Quality Power Electrical Equipments Limited disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that the order details have been updated on the SDD software and will be available on the company's official website.

Market Impact

This development is expected to strengthen Quality Power's position in the international power systems market. The substantial order value indicates the company's capability to secure large-scale projects and its growing presence in the European market.

As the power sector continues to evolve with a focus on efficiency and flexibility, Quality Power's success in securing these orders for FACTS systems demonstrates its alignment with current market demands and technological advancements in the industry.

Investors and stakeholders will likely watch closely how this development impacts the company's financial performance and market position in the coming quarters.