Shares of Quality Power Electrical Equipments Ltd. gained more than 3% on Thursday, September 25, trading at ₹1,006.90 apiece on the NSE, after the company announced a significant co-development partnership with Hyosung T&D India Pvt. Ltd.
In a regulatory filing, the company said that its material subsidiary, Mehru Electrical and Mechanical Engineers Pvt. Ltd., has signed a landmark co-development agreement with Hyosung T&D India, a wholly owned subsidiary of South Korea’s Hyosung Heavy Industries. The collaboration focuses on the design and manufacturing of gas-insulated switchgear (GIS) instrument transformers.
The deal combines Hyosung’s global leadership in advanced equipment and eco-friendly gas technologies with Mehru’s expertise in manufacturing high-voltage transformers. The move is aimed at creating world-class GIS components designed and manufactured in India, directly supporting the government’s Make in India initiative while also reducing reliance on imports.
Commenting on the development, Bharanidharan Pandyan, Joint Managing Director of Quality Power, said the agreement opens “new frontiers for exports, achieving true self-reliance, and embedding India on the global map of advanced T&D manufacturing.”
GIS technology is among the fastest-growing segments in the transmission and distribution sector, with applications in metro rail, offshore wind, data centers, and urban transmission. The first set of co-developed transformers is expected to be commercialized within the next 12 months.
