Quality Power Electrical Equipments Limited has informed the Exchange about Bagging/Receiving of orders/contracts
QPOWER · price
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Quality Power Electrical Equipments has received a purchase order worth INR 8.00 Crores (excluding taxes) for the supply of Iron-Core 6% Copper Wound Reactors. The order has been placed by a domestic entity, whose name has not been disclosed due to a non-disclosure agreement. It is a single large order to be executed over a period of 12-15 months. The company has confirmed there is no related party interest or promoter group connection with the awarding entity.
This is a positive development, adding INR 8 Crores to the order book from a domestic client, which should support revenue over the next 12-15 months. However, the undisclosed client name limits visibility on customer concentration risk.