Quality Power Electrical Equipments Limited has informed the Exchange regarding a press release dated Jun 24, 2025, titled "Press Release on Ground Breaking Ceremony of New Global Coil Factory at MIDC Sangli".
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Quality Power held the groundbreaking ceremony for its new Global Coil Factory at Kupwad MIDC, Sangli on June 24, 2025. The facility is expected to become operational by December 2026 and will feature 44 advanced winding lines along with a high-voltage testing laboratory. It will produce air-core and oil-filled reactors and components used in HVDC, STATCOM, and FACTS systems, supporting growing global demand. The Board had approved the capital expenditure at its meeting on May 27, 2025. The project is being built with sustainability targets aimed at IGBC Platinum certification and involves partners like Arwade Infrastructure, Kirby Building Systems, and Electromech.
Positive medium-term signal as the new factory expands manufacturing capacity and targets global demand for high-voltage equipment, though the benefits will only flow once operations begin in late 2026. Execution risk and capex absorption remain key things to watch.