Quality Power Electrical Equipments Limited has informed the Exchange about the receipt of the Letter of Award by a material subsidiary for the supply of Instrument Transformers.
QPOWER · price
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Quality Power's material subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, has received a Letter of Award worth approximately INR 18 crores (excluding taxes) for the supply of Instrument Transformers. The order has been placed by a domestic entity whose name has not been disclosed due to a non-disclosure agreement. The contract is to be executed over approximately 8 months. The order has no connection to the company's promoters, promoter group, or group companies and is not a related party transaction.
This is a positive order win that strengthens the material subsidiary's order book and provides revenue visibility for the next 8 months. Given the relatively small size of the order, the market reaction may be modest unless it signals a larger pipeline of similar contracts.