Sterlite Electric Ltd (formerly, Sterlite Power Transmission Ltd), has filed its Draft Red Herring Prospectus (DRHP) with the Securities & Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
Mehru Electrical & Mechanical Engineers Pvt Ltd, a material subsidiary of Quality Power Electrical Equipments Ltd. (QPEEL), has announced the signing of a landmark co-development agreement with Hyosung T&D India Pvt Ltd, a wholly-owned subsidiary of Hyosung Heavy Industries Corporation, Korea, for gas- insulated switchgear (GIS) instrument transformers.