QPE Subsidiary Secures Significant Order for FACTS Equipment Supply in Japan
Quality Power Electrical Equipments Ltd has seen its material step-down subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, secure a significant order involving the supply of FACTS system and equipment. This contract represents a major international business win for the company's group.The single large order involves the supply of FACTS system and equipment to an International Entity. The total value of this contract is approximately INR 40.9 Crores exclusive of taxes. The execution timeline for the project is anticipated around December 2027.
This business transaction was confirmed to be non-related party, with no involvement or interest from the promoter group companies in the awarding entity.
Details of the significant order awarded are summarized below:
| Particulars | Details |
|---|---|
| Entity Type | International Entity |
| Order Nature | Single large order for FACTS system & equipment supply |
| Execution Period | Approximately December 2027 |
| Contract Value | Approximately INR 40.9 Crores exclusive of taxes |
| Promoter Interest | No interest from the promoter or group companies in the entity that awarded the order |
QPOWER Stock Price Movement
As of 11:46 AM, Quality Power Electrical Equipments Limited shares shed 2.81% in live trading, with the equity currently standing at ₹1144.7. The stock has seen a notable decline throughout the session, trading down from its day high of ₹1180 and reaching an intraday low of ₹1126 amidst a volume of 129,669 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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