Quality Power Electrical Equipments Limited has announced that its material subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, has received multiple orders from Hitachi Energy India Limited for the supply of 400 kV Instrument Transformers. The total value of the orders is approximately ₹15.70 crore, excluding taxes.
According to the company’s regulatory filing, the contracts have been awarded by a domestic entity and involve the supply of high-voltage instrument transformers for power transmission applications. The orders are expected to be executed over a period of approximately 12 months.
Hitachi Energy India Limited has awarded the contracts to Mehru Electrical and Mechanical Engineers Private Limited, a material subsidiary of Quality Power Electrical Equipments Limited. The company stated that the orders comprise multiple contracts for the supply of 400 kV Instrument Transformers.
The disclosure further confirmed that neither the promoter, promoter group, nor group companies of Quality Power have any interest in the entity awarding the contracts. The company also clarified that the orders do not fall under related-party transactions.
Quality Power Electrical Equipments Limited submitted the information to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the applicable SEBI circular governing material disclosures.
