The capital expenditure plans of Quality Power Equipments Ltd (QPE) are running as per schedule, a company release said.
QPE said that manufacturing expansion and integration initiatives announced earlier are progressing in line with planned schedules. These initiatives are aimed at reducing external dependency for critical inputs, improving delivery timelines and increasing control over product quality and testing.
The construction timeline for the Sangli plant has been advanced to June 2026 from September 2026 earlier, the release said.
At Sangli in Maharashtra, QPE is putting up a large facility for coil products spread over a constructed area of around 3.2 lakh sqft, within a 10-acre land parcel. The facility will be equipped with a 2,500kV AC high-power test lab to ensure that the products are compliant with Indian and European standards.
During Q3FY26, the capacity expansion program at the Kochi facility was completed and is now operational. The plan aimed at doubling the plant’s manufacturing capacity, supported by a new medium voltage test lab.
This initiative is aligned with the company’s focus on HVDC (High Voltage Direct Current) and FACTS (Flexible AC Transmission Systems) projects, ensuring that the plant can cater to rising demand
Capacity expansion at the Bhiwadi plant of Mehru (a subsidiary of QPE) is in progress and full completion is targeted for Q4FY26 (by March 2026).
Order book
The company’s consolidated order book currently stands at approximately Rs.895 crore, providing revenue visibility across multiple product categories and geographies, the release said.
HVDC, FACTS dominate
During the quarter, the company delivered strong growth in revenue and profitability supported by execution of high-voltage equipment orders across HVDC, FACTS, reactors and instrument transformer product lines. Product mix during the period remained tilted toward engineered and application-specific equipment.
Demand for advanced transmission and grid support equipment continues to be driven by investments in new transmission capacity and upgrades to existing networks to improve reliability and grid stability. With this, the company remains focused on disciplined execution while expanding manufacturing capacity and strengthening technology depth, the release said.
Focus on high-voltage
According to Bharanidharan Pandyan, Joint Managing & Whole-time Director, Quality Power Equipments Ltd, “The global power transmission and grid equipment market continues to see steady investment driven by renewable integration, inter-regional transmission links and the need for grid stability. Utilities and large industrial networks are increasingly focusing on high-voltage and power quality solutions that improve network reliability and operating efficiency. In this environment, Quality Power continues to focus on technology-led offerings, export-oriented growth and deeper value chain participation across high-voltage systems.”
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:
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
2025: Increased equity stake in Nebeskie Labs to 25 per cent
2025: Completed the acquisition of 50 per cent equity stake in Sukrut Electric Company Pvt Ltd, with Yash Highvoltage Ltd holding the remaining 50 per cent.
These acquisitions have resulted in an expansion of the company’s product portfolio and the addition of brands like “Endoks”, “stap”, “EPEC” and “MEHRU”.
Also read: Quality Power acquires 74 per cent equity stake in Veeral Controls
Featured photograph shows a testing facility of Quality Power Equipments Ltd