Quality Power Electrical Equipments Ltd.

Incorporated in 2001, Quality Power Electrical Equipments Limited is engaged in the business of energy transition equipment and power technologies.The company provides high-voltage electrical equipment and solutions for grid connectivity and energy transition, specializing in power products across generation, transmission, distribution, and automation sectors.The company manufactures critical high-voltage equipment for High Voltage Direct Current (HVDC) and Flexible AC Transmission Systems (FACTS) networks, enabling energy transition from renewable sources to power grids.With over 20 years of experience, the company offers reactors, transformers, converters, and grid interconnection solutions globally.The company operates manufacturing facilities in Sangli, Maharashtra, and Aluva, Kerala. In 2011, it acquired 51% of Endoks, a Turkey-based subsidiary with design, assembly, and project management capabilities.As of March 31, 2024, the company had 210 customers, including power utilities, power industries, and renewable energy entities.Product Portfolio:Power Product: Reactors, Line Traps, Transformers, Instrument Transformers, Line Tuners ,Metal Enclosed Capacitor Bank, Composites.Power Quality Systems: Static VAR compensators, STATCOM's, Harmonic Filters, Capacitor Banks, Shunt Reactors.As of March 31, 2024, the company has 163 full-time employees and 372 contractual workers.Competative Strength:Global energy transition and power technology player catering to diverse industry segments and poised to benefit out of global shift towards decarbonisation and adoption of renewable energyDemonstrated track record of growth and financial performanceDiversified customer base of global businesses with long lasting relationshipsComprehensive product portfolio in the energy transition equipment and power technologies sector in India and abroad with high trade barriersDemonstrated record of strategic acquisitions along with enhanced order book contributing to growthResearch and development capabilities to offer future ready solutionsManagement team with domain experience

Quality Power Electrical Equipments Ltd. proposes to utilise the net proceeds from the Issue for the following objects: