The company said the orders have been awarded by a domestic entity. However, the name of the awarding entity has not been disclosed due to a non-disclosure agreement (NDA).
The scope of work involves the supply of multiple HVDC reactors, and the orders are to be executed over a period of around 18 months.
Quality Power clarified that neither the promoter nor the promoter group or group companies have any interest in the entity that awarded the contracts.
The company also confirmed that the orders do not fall under related party transactions.
Quality Power Electrical Equipment is engaged in the business of energy transition equipment and power technologies.
The company’s consolidated net profit zoomed 220.69% to Rs 62.76 crore in Q3 FY26 as against Rs 19.57 crore in Q3 FY25. Revenue from operations jumped 291.27% to Rs 283.99 crore in Q3 FY26 as against Rs 72.58 crore in Q3 FY25.
The counter advanced 0.65% to end at Rs 904.25 on the BSE.