Quality Power Electrical Equipments Limited has informed the Exchange about Bagging/Receiving of orders/contracts
QPOWER · price
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Awaiting price reaction for this filing.
Quality Power Electrical Equipments' material subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, has received a Letter of Intent for the supply of Instrument Transformers from a domestic entity. The order is valued at approximately INR 17.70 crores and is to be executed over a period of 5 to 8 months. The name of the awarding entity has not been disclosed due to a Non-Disclosure Agreement. The order is domestic in nature, does not involve any related party, and the promoter group has no interest in the awarding entity.
This is a positive commercial development for Quality Power's subsidiary, adding to the order book and providing near-term revenue visibility over the next 5-8 months. The absence of order size relative to total revenue limits an immediate read on materiality, but it signals continued business momentum from a domestic customer.