High-voltage electrical equipment manufacturer Quality Power Electrical Equipments (NSE:QPOWER, BOM:544367) has secured an order worth 197 million Indian rupees from an undisclosed customer, according to a Tuesday filing to the Indian stock exchanges.
The contract is for the supply of reactors for power transmission - coil products for flexible AC transmission systems application. The delivery of the project is expected to be completed in 15-18 months.
The company's shares were up nearly 7% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.