Quality Power shares jump 4% on launch of Global Coil Factory in Sangli
Shares of Quality Power Electrical Equipments surged 4% after the company announced the launch of its state-of-the-art Global Coil Factory in Kupwad MIDC, Sangli, Maharashtra. This marks a key milestone in the company's growth strategy, as discussed in its recent board meeting and quarterly earnings update.
The facility is positioned to become one of the world's largest for air-core and oil-filled reactor manufacturing, catering to growing global demand for HVDC, STATCOM, and FACTS system components. Equipped with 44 high-end winding lines and a world-class high-voltage testing lab, the plant underlines Quality Power's focus on innovation and quality.
Aligned with sustainability goals, the factory is being built to meet IGBC Platinum certification standards—making it one of the greenest manufacturing sites globally.
Execution of the project is in collaboration with top industry names including Arwade Infrastructure, Kirby Building Systems, and Electromech. In line with its reverse integration plans, the company has already placed orders for advanced cable manufacturing machinery.
Shares of Quality Power opened at ₹617.05 and touched an intraday high of ₹638.70, also marking a new 52-week high. The stock saw a low of ₹610.00 during the session. Its 52-week range now stands between ₹267.80 and ₹638.70.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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