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 has received a Letter of Intent from a domestic entity for the supply of Air Core Reactors used in FACTS (Flexible AC Transmission Systems) applications. The contract is valued at approximately ₹11.00 Crores (excluding GST) and is to be executed over 12 months. The name of the awarding entity has not been disclosed due to a non-disclosure agreement. There is no related-party interest in the order, and it is a domestic contract.
The order is a routine business win in the company's core power equipment segment, adding roughly ₹11 Cr to the order book. For a small-cap company, this is a meaningful but not transformative contract; near-term stock reaction is likely to be neutral to mildly positive.