Rs 500 Crore Orders In Hand: Power Transmission Company Bags Single Largest Order Worth Rs 19,70,00,000
The stock is up by 27 per cent from its 52-week low of Rs 270.60 per share.
Quality Power Electrical Equipments Limited (QPEEL) has announced the receipt of a significant order for the supply of reactors for Power Transmission – Coil Products intended for Flexible AC Transmission Systems (FACTS) applications. This substantial single order, valued at approximately Rs 19.7 Crores on an Ex-warehouse basis, comes from a domestic entity, although the client's name remains undisclosed due to a Non-Disclosure Agreement. The project is specifically geared towards supporting the integration of renewable energy into the power grid, aligning with India's increasing emphasis on sustainable energy infrastructure. The estimated delivery timeline for this order is within 15 to 18 months.
This marks the second consecutive order from the same client within a short four-month period, highlighting Quality Power's robust execution capabilities and proven expertise in handling complex, large-scale projects. The revenue from this order is expected to be recognized in phases, commencing from the third quarter of the fiscal year 2025-26. Importantly, QPEEL anticipates that the execution of this order will not necessitate any additional capital investment or hiring, as their existing facilities and resources are adequate. This strategic win reinforces Quality Power's leading position in the South Asian market and demonstrates sustained client confidence in their ability to deliver technically demanding solutions, further solidifying their strong performance in grid integration FACTS projects and supporting India's energy transition.
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About the Company
Quality Power is a leading manufacturer of high-voltage electrical equipment and solutions, providing Reactors, Transformers, Line traps, FACTS and Power Quality solutions. With multiple manufacturing facilities in India and Turkey, the Company has installations in over 100 plus countries for equipment upto 765kV systems. Quality Power was listed on the Bombay Stock Exchange and National Stock Exchange on 24th February 2025.
The company has a market cap of over Rs 2,600 crore and has orders in hand of over Rs 500 crore. The stock is up by 27 per cent from its 52-week low of Rs 270.60 per share. Investors should keep an eye on this power transmission stock.
Disclaimer: The article is for informational purposes only and not investment advice.