Quality Power Subsidiary Secures ₹152 Crore Battery Storage Order, Option to ₹292 Crore
Quality Power's subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, secured an international order for Battery Energy Storage System supply and integration. The order is valued at approximately ₹152 Crores, with an option to increase it to ₹292 Crores. Execution is expected by December 2027.
The order value is substantial (up to ₹292 Crores) and represents a significant business development for the company's subsidiary, likely impacting its future financial performance.
The company has secured a significant new order, which is expected to contribute positively to its revenue and growth.
Quality Power Electrical Equipments Limited announced that its material step-down subsidiary, ENDOKS ENERJİ ANONİM ŞİRKETİ, has received a significant international order for the supply and integration of a Battery Energy Storage System.
The order is valued at approximately ₹152 Crores, with an option to increase the value up to ₹292 Crores. The execution of this contract is expected to be completed by approximately December 2027.
The entity awarding the order has not been disclosed due to European General Data Privacy Regulations and a Non-Disclosure Agreement with the customer. The company has confirmed that the promoter/promoter group/group companies do not have any interest in the entity that awarded the order, and the contract does not fall within related party transactions.
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Quality Power Electrical Equipments Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Quality Power Electrical Equipments Limited. Read the original for the full detail.