The company did not disclose the customer details, citing European General Data Privacy Regulations and a Non-Disclosure Agreement.
The order, valued at approximately Rs 152 crore, includes the supply and integration of the energy storage system, with an option to increase the order value up to Rs 292 crore. The project is expected to be executed by December 2027.
The company clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. It also stated that the contract does not qualify as a related-party transaction under applicable regulatory norms.
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 rose 0.20% to end at Rs 855.45 on the BSE.