Quality Power Electrical Equipments Limited has received multiple purchase orders worth approximately ₹146 crore for the supply of high voltage direct current reactors up to 800 kV, strengthening its order book in the high voltage transmission segment.
In a stock exchange filing on Thursday, February 26, the company stated that the orders were awarded by a domestic entity. The name of the customer has not been disclosed due to a non disclosure agreement.
800 kV Coil Products to Be Delivered Over 18 Months
The contracts involve the supply of 800 kV coil products, a key component used in high voltage direct current transmission systems. These systems play a critical role in efficient long distance power transmission and grid stability.Execution of the orders is scheduled over a period of approximately 18 months, providing medium term revenue visibility for the company’s core power equipment business.
Quality Power clarified that neither its promoter nor promoter group has any interest in the awarding entity. The company further confirmed that the orders do not fall under related party transactions.
Revenue Guidance Above ₹900 Crore for the Year
Earlier this month, the electrical equipment manufacturer indicated that it expects full year revenue to exceed its earlier guidance, supported by steady performance in its core operations and improving margins.Bharanidharan Pandyan, Joint Managing Director of the company, said the company expects revenue of ₹900 crore plus for the year, while maintaining a conservative outlook. He also stated that margins are expected to remain above 22 percent.
Share Price Performance
Following the announcement of the ₹146 crore order win, shares of Quality Power Electrical Equipments Limited closed 0.16 percent higher at ₹900.90.The stock has surged 51.39 percent over the last one month, reflecting strong investor interest amid order inflows and improved earnings visibility in the high voltage power equipment segment.
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