Quality Power Electrical Equipments Ltd. Receives Significant Order for Battery Energy Storage System
Quality Power Electrical Equipments Ltd. announced that its material step-down subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, has secured a significant order for the supply and integration of a Battery Energy Storage System.The order, awarded by an international entity, is for approximately INR 152 Crores, with an option to increase the value up to INR 292 Crores. The project is expected to be executed by approximately December 2027.
The entity awarding the order has not been disclosed due to European General Data Privacy Regulations and a Non-Disclosure Agreement.
The company confirmed that neither the promoter group nor any group companies have any interest in the entity that awarded the order, and the transaction is not considered a related party transaction.
| Particulars | Description |
|---|---|
| Name of the entity awarding the order(s)/contract(s) | Not disclosed due to European General Data Privacy Regulations and Non-Disclosure Agreement with the customer |
| Nature of order(s) / contract(s); | Single large order |
| Whether domestic or international | International |
| Time period by which the order(s)/contract(s) is to be executed | Approximately December 2027 |
| Broad consideration or size of the order(s)/contract(s); | Approximately INR 152 Crores with an option to increase up to INR 292 Crores |
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