Quality Power's Subsidiary Secures Rs 75.19 Crore FACTS System Orders from European Steel Plant
Quality Power Electrical Equipments Limited's subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, has received two significant orders for Flexible AC Transmission Systems (FACTS) from a European customer. The combined value of these orders is approximately Rs 75.19 crore. The FACTS systems will be supplied to a steel plant in Europe, with delivery expected over the next year. This development marks a notable business achievement for the company in the international power systems market.

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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.
Historical Stock Returns for Quality Power Electrical Equipments
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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