Quality Power Electrical Equipments Limited has informed the Exchange about the receipt of Multiple Orders for the supply of HVDC Reactors.
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Quality Power Electrical Equipments Limited has received multiple purchase orders for the supply of HVDC (High Voltage Direct Current) Reactors from a domestic entity. The total gross value of these orders is approximately INR 34 crores (including taxes). The name of the customer has not been disclosed due to a non-disclosure agreement. The orders are to be executed over a period of approximately 18 months. There is no promoter, group company, or related party interest in the entity that awarded the orders.
This is a positive development as the company has secured new orders worth INR 34 crores, which adds to its order book and provides revenue visibility over the next 18 months. The domestic HVDC reactor orders strengthen the company's presence in the power transmission equipment segment.