Quality Power Secures INR 13.90 Crore Coil Products Order
Filing Summary
Quality Power Electrical Equipments Ltd has received a significant order valued at INR 13.90 Crore for the supply of coil products. The order, awarded by a domestic entity, is to be executed over a 12-month period. The company has confirmed that the order does not involve any related party transactions. Details of the order are in compliance with the SEBI Listing Regulations, 2015. The information has been updated on the company’s website and SDD software.
Quality Power Electrical Equipments Ltd has announced the receipt of a significant order valued at INR 13.90 Crore for the supply of coil products. This order was disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular dated November 11, 2024.
The order involves the supply of coil products specifically for FACTS applications. It has been awarded by a domestic entity, the identity of which has not been disclosed due to a non-disclosure agreement. The execution period for this order is set at 12 months from the date of receipt.
The financial terms of the order are specified as Ex-Works INR 13.90 Crore, excluding taxes. The company has confirmed that there is no interest from the promoter or promoter group in the entity awarding the order. Additionally, the transaction does not fall under related party transactions.
Quality Power has updated this information on its SDD software and will also make it available on its official website, www.qualitypower.com. The company has communicated these details to both the National Stock Exchange of India Limited and BSE Limited, where it is listed under the symbols QPOWER and 544367, respectively.
Quality Power Electrical Equipments Ltd focuses on the manufacturing and supply of electrical equipment, including coil products. The company is committed to expanding its market presence through significant orders and strategic business operations in the electrical equipment sector.