Quality Power Secures New Order Worth ₹40.9 Crore

MUMBAI — Quality Power Electrical Equipments Ltd. has secured a new domestic order valued at approximately ₹40.9 crore for the supply of high-voltage electrical equipment. This latest contract adds to the company’s strong order book, which exceeded ₹1,400 crore as of March 31, 2026, and further reinforces its competitive standing in the power transmission and distribution (T&D) sector.

The order comes at a pivotal time for the company as it scales its manufacturing capabilities to meet rising industrial and utility demand. Quality Power, a specialist in energy transition solutions, has been aggressively expanding its capacity, including the development of a major facility in Sangli, Maharashtra, which is now slated for commissioning in the first week of August 2026.

Scaling Production for Global Energy Transition

The new contract aligns with the company’s strategy to leverage its technical expertise in High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS). As India accelerates its grid modernization and infrastructure upgrades, Quality Power has positioned itself as a key supplier for both domestic utilities and global original equipment manufacturers (OEMs).

According to recent regulatory disclosures, the company reported a record fiscal year for 2026, with consolidated revenue surpassing ₹10,000 million—a growth of over 156% compared to the previous year. The management attributes this momentum to consistent demand from data centers, industrial automation, and renewable energy integration projects.

Strategic Developments and Manufacturing Growth

Quality Power continues to invest heavily in its domestic and international manufacturing footprint to reduce supply chain dependencies. Key ongoing initiatives include:

• Sangli Facility: The new plant is designed with advanced high-power testing labs to meet both Indian and European standards, aimed at bolstering the company's output in HVDC and FACTS technologies.

• Subsidiary Expansion: The company is currently establishing a new Power Conversion System (PCS) facility in Nigde, Turkey, through its subsidiary Endoks, with completion expected by December 2026.

• Capital Expenditure: Management has approved significant capital outlays for Mehru Electrical & Mechanical Engineers to enhance production of Gas Insulated Switchgear (GIS) components and high-voltage testing equipment.

Why It Matters

For investors and industry stakeholders, the receipt of a ₹40.9 crore order highlights the sustained demand for high-end electrical infrastructure. With a robust order book representing approximately 1.4 times its annual revenue, the company maintains strong visibility for FY27. Furthermore, the upcoming commissioning of the Sangli plant is expected to provide the execution flexibility required to fulfill larger, long-cycle projects.

Key Facts at a Glance

• Order Value: Approximately ₹40.9 crore (domestic).

• Order Book: Exceeds ₹1,400 crore as of FY26 closing.

• Growth: Consolidated annual revenue crossed the ₹10 billion milestone in FY26.

• Capacity Expansion: New Sangli facility expected to begin production in August 2026.

FAQ

What does Quality Power Electrical Equipments specialize in?

The company specializes in energy transition and high-voltage electrical equipment, providing solutions for power generation, transmission, distribution, and automation.

How does this order impact the company's growth?

The order contributes to the company's strong revenue visibility for the upcoming fiscal year and supports its ongoing efforts to scale market share in the power infrastructure segment.

When will the Sangli manufacturing facility be operational?

The Sangli facility, which will focus on advanced coil and high-voltage technologies, is expected to commence production in the first week of August 2026.

Source: Quality Power Electrical Equipments NSE/BSE Filings, T&D India, ICICI Direct Stock Research