Subsidiary Receives Multiple Orders from Hitachi Energy India Ltd for 400 KV Instrument Transformers
Quality Power Electrical Equipments Ltd has seen its material subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, secure multiple orders for the supply of 400 KV Instrument Transformers. The contracts have been awarded by Hitachi Energy India Limited.The assignment involves the domestic entity awarding a substantial order to the specialized subsidiary. These multiple orders are set to be executed over an estimated period of 12 months.
Details regarding the contractual agreement, including the scale and terms of the business opportunity, are provided below:
| Particulars | Description |
|---|---|
| Name of Awarding Entity | Hitachi Energy India Limited |
| Nature of Contract | Multiple Orders for Supply of 400 KV Instrument Transformers |
| Entity Type | Domestic |
| Estimated Value | Approximately INR 15.70 crores (Exclusive of taxes) |
The business transaction carries no interest or conflict regarding the promoter or promoter group, as there is no reported interest in Hitachi Energy India Limited from the parent company or its promoters. Furthermore, the orders do not fall within related party transactions and have been conducted at arm's length.
QPOWER Stock Price Movement
Shares of Quality Power Electrical Equipments Limited slipped today, shedding 3.38% to settle at ₹1138. The equity was traded for a total volume of 222,343 shares throughout the session.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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