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Quality Power Electrical Equipments Ltd. ( (IN:QPOWER) ) has issued an announcement.
Quality Power Electrical Equipments Ltd. announced that its material step-down subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, has secured two significant orders valued at approximately INR 75.19 Crores for the supply of FACTS systems to a European steel plant. This development marks a substantial achievement for the company, highlighting its growing influence in the international market and reinforcing its position as a key player in the electrical equipment industry. The orders are expected to be delivered over the next year, potentially boosting the company’s financial performance and enhancing its reputation among stakeholders.
More about Quality Power Electrical Equipments Ltd.
Quality Power Electrical Equipments Ltd. operates in the electrical equipment industry, focusing on the supply of advanced power solutions. The company’s primary products include FACTS systems, which are crucial for enhancing the reliability and efficiency of power systems. Their market focus includes both domestic and international clients, with a notable emphasis on expanding their presence in the European market.
Average Trading Volume: 129,542
Technical Sentiment Signal: Strong Buy
For detailed information about QPOWER stock, go to TipRanks’ Stock Analysis page.