Quality Power Electrical Equipments Ltd has received its highest-ever annual order inflow in FY25 and its order backlog, as of March 31, 2025, was over Rs.750 crore.
In a release, the company said that this order backlog includes contributions from its subsidiaries Endoks and Mehru. It also provides revenue visibility of the next 15-18 months, the release said.
It may be recalled that during FY25, Quality Power acquired 51 per cent controlling equity stake in Mehru Electrical & Mechanical Engineers Pvt Ltd for Rs.120 crore, augmenting capabilities in high-voltage instrument transformers up to 500kV and expanding its presence across India, Southeast Asia, and Africa.
Expansion plans
Quality Power has also planned capacity expansion at Mehru’s Bhiwadi plant in Rajasthan, given strong domestic and international demand. The expansion will include installation of four new autoclaves and relocation of non-critical storage to a dedicated warehouse. This will expand the plant’s capacity by around 45 per cent, the release said. For Mehru, the possibility of opening a new greenfield facility or an acquisition opportunity is also being explored.
Incidentally, in Q4FY25, Quality Power received a major export order from Israel for 161kV high-voltage coils. Significantly, this order marks the inclusion of coupling capacitors manufactured by Mehru.
Meanwhile, Quality Power is also progressing with capacity expansion at its Bhiwadi (Rajasthan), Kochi (Kerala) and Sangli (Maharashtra) facilities.
The board of Quality Power has also granted in-principle approval for increasing its equity stake in Chennai-based Nebeskie Labs from the current 15.46 per cent up to 26 per cent. This equity infusion would support Nebeskie’s ongoing capital expenditure and technology advancement plans. Nebeskie Labs builds IIoT edge technologies for efficient buildings, factories, and smart cities.
Corporate growth
Quality Power Electrical Equipments Ltd was incorporated in 2001 as a private limited company and become a public limited company after its initial public offering in early 2025. The important acquisitions and takeovers by the company include:
- 2011: Acquisition of 51 per cent equity stake in Endoks Enerji Anonim Sirketi, Turkey
- 2019: Acquisition of 100 per cent equity stake in S&S Transformers & Accessories Pvt Ltd
- 2022: Takeover of Electric Power Equipment Company, Bengaluru
- 2022: Acquisition of 15.45 per cent equity stake in Chennai-based Nebeskie Labs
- 2025: Acquisition of 51 per cent equity stake in Mehru Electrical & Mechanical Engineers Pvt Ltd
These acquisitions have resulted in an expansion of the company’s product portfolio and the addition of brands like “Endoks”, “stap”, “EPEC” and “MEHRU”.
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