Quality Power Electrical Equipments has announced the receipt of a substantial international order valued at approximately ₹48.3 crore. The order involves the supply of high voltage reactors for a data centre project in the United States, with the identity of the customer remaining confidential due to a binding non-disclosure agreement.
The contract, awarded by an international entity, signifies a single large order that is expected to be executed over a period of approximately 12 months. This development underscores Quality Power Electrical Equipments‘ growing presence in the international market.
The company has confirmed that the promoter group has no interest in the entity awarding the contract, and the transaction does not fall under related party transactions.
This order aligns with the company’s strategic objectives to expand its footprint in international markets and enhance its portfolio of high voltage electrical equipment.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).