Quality Power Electrical Equipments Limited has informed the Exchange about the receipt of significant Order by a material step-down subsidiary
QPOWER · price
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Quality Power Electrical Equipments' material step-down subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ (based in Türkiye), has secured a significant international order for the supply and integration of a Battery Energy Storage System (BESS). The customer is a European entity whose name has been withheld due to GDPR and NDA restrictions. The base order is valued at approximately INR 152 crores, with an option to scale up to INR 292 crores. Execution is targeted by around December 2027. The transaction is not a related-party deal and promoters have no interest in the awarding entity.
This is a sizeable international BESS win for the group's Turkish subsidiary, potentially diversifying revenue geographically and strengthening the order book. With the optionality to nearly double in size, positive execution could act as a catalyst for the stock, though the undisclosed customer name limits immediate visibility on counterparty quality.