Mehru Electrical and Mechanical Engineers Pvt Ltd receives order from Power Grid

MEHRU Electrical and Mechanical Engineers Private Limited ("MEHRU"), a material subsidiary of Quality Power Electrical Equipments Limited (QPEEL), has secured a major order valued at approximately ₹26 Crores, the largest single order for the supply of 400kV and 220kV Oil-Cooled Current Transformers (CTs).

This order from Powergrid Corporation of India Ltd strengthens Mehru's longstanding leadership in the high-voltage instrument transformer segment, particularly in the 132kV - 500kV range. The scope includes the manufacturing and delivery of oil cooled instrument transformers that play a critical role in high voltage substations applications, reinforcing the company's strong presence in India's transmission infrastructure market.

Mr. Sanjog Mhatre, Chief Business Officer, Quality Power Electrical Equipments Ltd., said, "This is the single largest order for instrument transformer product line and is an important milestone for us and demonstrates the growing strength of our group companies across the power transmission value chain. This win reinforces our strong positioning in India's expanding grid infrastructure. With increasing investments in transmission capacity and renewable energy integration, we anticipate sustained opportunities for the group across high-voltage components, including instrument transformers, reactors, and power quality systems."

The execution of this order is planned over a 12-month timeline, with revenue recognition expected to commence from Q4 FY 2025-26. Mehru will be able to deliver the order through its existing manufacturing facility in Bhiwadi (National Capital Region). This reflects the company's operational scalability and supports QPEEL's financial visibility for the coming fiscal period, while reinforcing the Group's ability to efficiently manage large, complex transmission equipment orders.

Further this order aligns closely with Quality Power's strategy of expanding its domestic market presence while leveraging operational synergies across its subsidiary companies. Mehru's continued success in securing high-value orders underscores the Group's growing strength in the transmission equipment segment and supports its broader growth trajectory as India accelerates grid expansion and renewable energy integration.

Shares of Quality Power Electrical Equipments Limited was last trading in BSE at Rs. 781.95 as compared to the previous close of Rs. 799.50. The total number of shares traded during the day was 22521 in over 1481 trades.

The stock hit an intraday high of Rs. 797.90 and intraday low of 777.70. The net turnover during the day was Rs. 17673286.00.

Source : Equity Bulls

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