Quality Power Electrical Equipments shines on acquiring 76% stake in Veeral Controls
Quality Power Electrical Equipments is currently trading at Rs. 744.00, up by 15.65 points or 2.15% from its previous closing of Rs. 728.35 on the BSE.
The scrip opened at Rs. 728.55 and has touched a high and low of Rs. 748.95 and Rs. 721.15 respectively. So far 3461 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1081.45 on 30-Sep-2025 and a 52 week low of Rs. 270.60 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 755.15 and Rs. 643.30 respectively. The current market cap of the company is Rs. 5686.72 crore.
The promoters holding in the company stood at 73.91%, while Institutions and Non-Institutions held 8.05% and 18.05% respectively.
Quality Power Electrical Equipments has acquired a 76 per cent equity stake in Veeral Controls, a Gandhinagar based company with over three decades of experience in high current power electronics and industrial power conversion systems. Founded in 1993 by Varunesh Kumar, an IIT alumnus, Veeral Controls specialises in the design and manufacture of high current rectifier systems, locomotive and traction power conversion equipment, and defence grade power electronics.
The acquisition expands Quality Power Group’s presence in medium voltage industrial power electronics, strengthening its capabilities in high current rectification and process level power conversion. These technologies complement the Group’s existing portfolio of high voltage grid equipment, Power quality systems, and FACTS solutions.
High current rectifiers are core to applications such as green hydrogen electrolysers, electro chemical processing, locomotive traction, and defence power systems. Integrating these platforms enables Quality Power to offer more comprehensive electrical solutions while creating pull through demand for its products including transformers, reactors, harmonic filters, and instrument transformers. The integration also strengthens power quality capabilities through Endoks, aligning industrial power conversion with advanced harmonic mitigation and dynamic compensation.
Quality Power Electrical Equipments is engaged in manufacturing of power products and providing services in the areas of Power Generation, Power Transmission, Power Distribution and Power Automation.
