Quality Power Electrical Equipments Limited has announced that it has received a significant purchase order valued at approximately ₹11.5 crore for the supply of reactors for a STATCOM project.
The company informed the exchanges that the order has been placed by a domestic entity, though the name of the client has not been disclosed due to a non-disclosure agreement. The order, classified as a single large order, is to be executed within 12 months.
According to the disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR), 2015, the supply will involve reactors specifically for the STATCOM project, a technology used for enhancing grid stability and improving power quality.
The company also clarified that neither the promoter group nor related parties have any interest in the awarding entity, and the order does not fall under related party transactions.
Quality Power stated that the information has been updated on its structured digital database and will also be made available on its official website.
Disclaimer: This article is based on official exchange filings by Quality Power Electrical Equipments Limited. It is provided for informational purposes only and should not be treated as investment advice. Readers are advised to consult certified financial advisers before making any investment decisions.
