Quality Power Electrical Equipments surges as its arm signs agreement with Hyosung T&D India
Quality Power Electrical Equipments is currently trading at Rs. 1008.20, up by 34.20 points or 3.51% from its previous closing of Rs. 974.00 on the BSE.
The scrip opened at Rs. 995.10 and has touched a high and low of Rs. 1049.00 and Rs. 989.85 respectively. So far 72738 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1072.00 on 24-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. 1072.00 and Rs. 937.40 respectively. The current market cap of the company is Rs. 7969.00 crore.
The promoters holding in the company stood at 73.91%, while Institutions and Non-Institutions held 7.97% and 18.12% respectively.
Quality Power Electrical Equipments' (QPEEL) material subsidiary -- Mehru Electrical and Mechanical Engineers has signed a landmark co-development agreement with Hyosung T&D India, a wholly-owned subsidiary of Hyosung Heavy Industries Corporation, Korea, for gas-insulated switchgear (GIS) instrument transformers. This milestone positions Mehru as one of the first Indian companies to co-develop GIS instrument transformer technology for global markets.
The collaboration brings together Hyosung’s global leadership in advanced equipment and ecofriendly gas technologies with Mehru’s expertise in manufacturing high-voltage instrument transformers, enabling the creation of world-class GIS components designed and manufactured in India. The agreement marks a pivotal step in reducing India’s dependence on imports, directly supporting the Government of India’s ‘Make in India’ vision, and positioning the country as a credible global supplier in the fast-growing GIS segment.
This development enables Mehru to diversify into the GIS value chain, extend its leadership in oilfilled and dry-type transformers, leverage Hyosung’s expertise in eco-friendly gases and compact equipment design, and to address new demand segments such as metro rail, offshore wind, data centers, and high-voltage urban transmission projects. The products to be developed under this partnership will be tested and certified to IEC/IEEE international standards, strengthening Mehru’s global technology credentials and enabling higher value creation per product. The development and commercialization of the initial set of transformers is expected within the next 12 months.
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.
