About Company

• Quality Power Electrical Equipments Ltd (“QPEEL”) was originally incorporated on 20th September 2001. QPEEL is a technology-driven company specializing in the provision of power products and solutions across power generation, transmission, distribution, and automation sectors. Additionally, they offer equipment and solutions tailored for emerging applications such as large-scale renewables. They provide high voltage electrical equipment and solutions for electrical grid connectivity and energy transition and serving global clients in critical energy transition equipment and power technologies.

• QPEEL is among the few global manufacturers of critical high voltage equipment for High Voltage Direct Current ("HVDC”) and Flexible AC Transmission Systems (“FACTS”) networks. These equipment and networks form key components for energy transition from renewable sources to traditional power grids. 

• With over 2 decades of experience in the energy transition space, they provide an extensive range of products crucial for effective power transmission and advanced power automation. Their offerings include reactors, transformers, line traps, instrument transformers, capacitor banks, converters, harmonic filters, and reactive power compensation systems. Additionally, their grid interconnection solutions feature technologies such as STATCOM and static var compensator systems (“SVC”). Their domestic and global footprint allows them to cater to both Indian and global customer bases.

• The customers they cater to run their operations across multiple key areas, including

• Power transmission, providing effective transfer of electricity,

• Power distribution, ensuring the delivery of electricity to end users,

• Power automation, integrating advanced technologies for efficient power management

• The company also specialize in grid interconnection equipment, which addresses infrastructure and devices needed to connect multiple power grids.

• QPEEL has a total of 7 operating facilities which are located in India at Sangli, Maharashtra, and Aluva, Kerala and in Turkey at Ankara.

• As of September 30, 2024, they had 143 customers. Their end customers include power utilities, power industries, and renewable energy entities. They derive the majority of their revenue from the International Operations.

Strengths

Competitive Strength

• Global energy transition and power technology player catering to diverse industry segments and poised to benefit out of global shift towards decarbonisation and adoption of renewable energy;

• Demonstrated track record of growth and financial performance;

• Diversified customer base of global businesses with long lasting relationships;

• Comprehensive product portfolio in the energy transition equipment and power technologies sector in India and abroad with high trade barriers;

• Demonstrated record of strategic acquisitions along with enhanced order book contributing to growth;

• Research and development capabilities to offer future ready solutions;

• Management team with domain experience.

Business Strategies

• Focus on growth through organic and inorganic acquisitions;

• Continue to focus on the research and development and engineering capabilities to develop innovative systems and solutions, as well as improve the manufacturing efficiencies;

• Expand the operating facilities and increase operating capacity;

• Harness industry growth in the energy transition sector and grow the operations.

Company Promoters

Company Financials

Quality Power Electrical Equipments Limited Financial Information (Restated Consolidated)

Objects of the Issue

The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:

1. Payment of the purchase consideration for the acquisition of Mehru Electrical and Mechanical Engineers Private Limited
2. Funding capital expenditure requirements of the Company for purchase plant and machinery
3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives
4. General Corporate Purposes.