Quality Power Electricals Equipments closes Q1FY26 with order backlog of Rs.775 crore

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T&D India
August 8, 2025

Quality Power Electricals Equipments Ltd (QPE) has ended Q1FY26 with an order backlog of over Rs.775 crore, as of June 30, 2025. In a media release, QPE said that this order backlog includes contributions from QPE, Endoks and Mehru.

Major orders in Q1FY26

QPE landed a repeat FACTS reactor order worth Rs.197 crore during the quarter under review. It also signed a Rs.200 crore, four-year framework agreement with an Israeli client for 161kV coil products, with deliveries starting Q3FY26 through FY30

The company also secured a marquee order, on collaboration with Hitachi Energy India Ltd, for design, manufacture, and supply of 500kV, 250MVAr air-core dry-type smoothing reactors for the ±500kV Rihand–Dadri HVDC link of Power Grid Corporation of India Ltd. (PGCIL).

Uptick in STATCOM orders, HVDC mandates on the anvil

In a release, Bharanidharan Pandyan, Joint Managing Director, Quality Power Electrical Equipments Ltd, said, “The quarter also saw a sharp increase in global tendering activity for STATCOM systems, a key enabler of grid stability. We are proud to share that we are now an approved and preferred supplier of coil products for STATCOMs with several leading European and Chinese system integrators. This strategic positioning, built over years of technical collaboration and audit readiness, is beginning to yield material opportunities.

Moreover, we are on the cusp of securing major HVDC orders, some of the most technologically demanding projects in the power sector. These anticipated wins reflect our successful long-term investments in engineering capability, type testing, and global factory certifications. Our ability to consistently meet the rigorous qualification criteria of major global utilities and OEMs is translating into prestigious orders across continents.”

Expansion plans

Aligning with its plans of focusing on FACTS and HVDC projects, QPE has planned capacity expansion at its Kochi plant in Kerala. The expansion plan includes setting up a new medium voltage (MV) test lab to strengthen quality control. This project, expected to be completed by November 2025, aims at doubling the manufacturing capacity of the Kochi plant.

QPE is also progressing with expansion plans at other units including Bhiwadi (Rajasthan) and Sangli E-5 and E-6 (Maharashtra).

Meanwhile, QPE has also placed orders for cable factory equipment for special CTC cables used in HVDC windings. This project, aimed at achieving full backward integration, is expected to be operational by Q3FY26 (end-December 2025).

Besides, as already reported on June 24, 2025, QPE announced the launch of its Global Coil Factory in Kupwad MIDC, Sangli, Maharashtra, to meet the growing global demand for high-voltage reactors and coil-based components for HVDC, STATCOM, and FACTS systems. This greenfield plant is expected to be operational by December 2026.

In yet another recent development, QPE and Yash Highvoltage Ltd jointly announced the signing of a Binding Term Sheet to acquire 100 per cent stake in Sukrut Electric Company Pvt. Ltd. (SECPL), a Pune-based transformer component manufacturer. (Read full story)

Growth in brand portfolio

Quality Power Electrical Equipments Ltd was incorporated in 2001 as a private limited company and become a public limited company after its IPO in early 2025. The important acquisitions and takeovers by the company include:

These acquisitions have resulted in an expansion of the company’s product portfolio and the addition of brands like “Endoks”, “stap”, “EPEC” and “MEHRU”.

Featured photograph related to QPE’s R&D facilities is for representation only