Quality Power Electrical Equipments Ltd has acquired a controlling 76% stake in Veeral Controls for 152 million rupees. This strategic move strengthens its presence in the electrical equipment and automation sector, enhancing product offerings and market reach while signaling aggressive expansion in India’s energy transition industry.
Quality Power Electrical Equipments Ltd, a leading player in high-voltage electrical equipment and energy transition technologies, announced the acquisition of a 76% stake in Veeral Controls for 152 million rupees. The deal underscores Quality Power’s ambition to expand its footprint in automation and control systems, aligning with India’s growing demand for advanced energy solutions.
Key Highlights
• The acquisition involves a 152 million rupee investment for a majority 76% stake in Veeral Controls
• Quality Power specializes in power generation, transmission, distribution, and automation equipment, serving global clients
• Veeral Controls brings expertise in automation and control systems, complementing Quality Power’s existing portfolio
• The move is expected to enhance operational synergies, broaden product offerings, and strengthen market competitiveness
• Industry analysts view the acquisition as a step toward consolidating Quality Power’s leadership in India’s energy transition sector
Sources: ICICI Direct, ScreenerScreener, Business Standard