Quest Flow Controls Secures ₹198.9 Million Order from BHEL, Strengthens Position in Power Sector Valves Segment

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Quest Flow Controls Ltd has received a significant purchase order valued at ₹198.9 million (inclusive of GST) from Bharat Heavy Electricals Ltd (BHEL), marking a strategic win in the industrial valves and flow control systems domain. The order underscores Quest’s growing relevance in India’s power generation and infrastructure ecosystem.

Key Highlights:

The order includes supply of specialized valves and flow control assemblies for BHEL’s upcoming thermal and hydroelectric projects.
Delivery is scheduled in phased batches over the next two quarters, with manufacturing to be executed at Quest’s Umbergaon facility in Gujarat.
The contract value includes GST and is expected to contribute meaningfully to Q2 and Q3 FY26 topline.

Strategic Context:

Quest Flow Controls has been expanding its footprint in the EPC and OEM segments, with BHEL being a repeat customer.
The company’s recent capex in CNC machining and pressure testing infrastructure has enabled it to meet stringent quality and delivery benchmarks.
This order aligns with Quest’s strategy to deepen its presence in government and PSU-led infrastructure projects.

Market Outlook:

Analysts view the BHEL order as a validation of Quest’s technical capabilities and vendor reliability.
The company’s order book now exceeds ₹520 million, with additional bids submitted for NTPC, ONGC, and Indian Railways projects.
With a debt-to-equity ratio of 0.42 and EBITDA margins above 18 percent, Quest remains well-positioned for scalable growth.

Sources: Economic Times, Moneycontrol, Quest Flow Controls BSE Filings, Business Standard (July 2025)