Latest news with #QualityPowerElectricalEquipments
Business Standard
4 days ago
- Business
- Business Standard
QPOWER launches state of-the-art Global Coil Factory in Sangli
Quality Power Electrical Equipments announced the launch of its state of-the-art Global Coil Factory in Kupwad MIDC, Sangli. This milestone is consistent with the strategic priorities communicated during the company's Board meeting and quarterly earnings update. The event marks a significant step forward in Quality Power's strategic expansion to meet the growing global demand for high-voltage reactors and coil-based components for HVDC, STATCOM, and FACTS systems. The new facility is envisioned to be one of the world's largest production plants for air-core and oil filled reactors, equipped with 44 advanced winding lines and a world-class high-voltage testing laboratory. As part of the company's commitment to sustainability, the factory is being constructed in line with the Indian Green Building Council (IGBC) Platinum certification, positioning it among the most environmentally responsible manufacturing hubs globally.
Business Upturn
4 days ago
- Business
- Business Upturn
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. Ahmedabad Plane Crash 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
Business Standard
28-05-2025
- Business
- Business Standard
Quality Power Electrical Equipments consolidated net profit rises 27.51% in the March 2025 quarter
Sales rise 176.33% to Rs 108.32 crore Net profit of Quality Power Electrical Equipments rose 27.51% to Rs 19.42 crore in the quarter ended March 2025 as against Rs 15.23 crore during the previous quarter ended March 2024. Sales rose 176.33% to Rs 108.32 crore in the quarter ended March 2025 as against Rs 39.20 crore during the previous quarter ended March 2024. For the full year,net profit rose 76.74% to Rs 66.17 crore in the year ended March 2025 as against Rs 37.44 crore during the previous year ended March 2024. Sales rose 11.54% to Rs 336.65 crore in the year ended March 2025 as against Rs 301.82 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 108.3239.20 176 336.65301.82 12 OPM % 15.0334.44 - 19.4112.88 - PBDT 37.8219.75 91 118.6066.35 79 PBT 35.9718.86 91 113.8962.99 81 NP 19.4215.23 28 66.1737.44 77
Time of India
01-05-2025
- Business
- Time of India
Ather Energy's ₹2,981 cr IPO sees 1.43 times subscription on final day
The ₹2,981-crore initial public offering (IPO) of Ather Energy was subscribed 1.43 times on the final day of bidding on Wednesday, according to BSE data as of 7 PM. Investors placed bids for 7.65 crore shares in the issue, compared with the 5.33 crore shares on offer by the company. The qualified institutional buyers' (QIBs) portion of the electric two-wheeler company's issue was subscribed 1.7 times, while the non-institutional investors' (NIIs) or high-net-worth individuals' portion and the retail investors' portion were subscribed 0.66 times and 1.78 times, respectively. The employee reserved portion was subscribed 5.43 times. Ather Energy's issue was the first IPO of FY26, and also the first in two months since the listing of Quality Power Electrical Equipments ' ₹859-crore offering in February. "Despite this interest, listing gains are expected to be modest, largely due to stretched valuations and a less supportive market environment compared to October 2024. Similar to Ola's IPO, a post-listing rally remains possible if momentum builds after the debut," said Gaurav Garg at Lemonn Markets Desk. The IPO, which opened for public subscription on Monday, was priced in the range of ₹304-321 per share. The offer included a fresh issue of ₹2,626 crore and an offer for sale of ₹354.7 crore.
Time of India
01-05-2025
- Business
- Time of India
Ather Energy's Rs 2,981 cr IPO sees 1.43 times subscription on final day
The qualified institutional buyers' (QIBs) portion of the electric two-wheeler company's issue was subscribed 1.7 times, while the non-institutional investors' (NIIs) or high-net-worth individuals' portion and the retail investors' portion were subscribed 0.66 times and 1.78 times, respectively. The employee reserved portion was subscribed 5.43 times. Tired of too many ads? Remove Ads Mumbai: The ₹2,981-crore initial public offering (IPO) of Ather Energy was subscribed 1.43 times on the final day of bidding on Wednesday, according to BSE data as of 7 PM. Investors placed bids for 7.65 crore shares in the issue, compared with the 5.33 crore shares on offer by the qualified institutional buyers' (QIBs) portion of the electric two-wheeler company's issue was subscribed 1.7 times, while the non-institutional investors' (NIIs) or high-net-worth individuals' portion and the retail investors ' portion were subscribed 0.66 times and 1.78 times, respectively. The employee reserved portion was subscribed 5.43 Energy's issue was the first IPO of FY26, and also the first in two months since the listing of Quality Power Electrical Equipments ' ₹859-crore offering in February. "Despite this interest, listing gains are expected to be modest, largely due to stretched valuations and a less supportive market environment compared to October to Ola's IPO, a post-listing rally remains possible if momentum builds after the debut," said Gaurav Garg at Lemonn Markets Desk. The IPO, which opened for public subscription on Monday, was priced in the range of ₹304-321 per share. The offer included a fresh issue of ₹2,626 crore and an offer for sale of ₹354.7 crore.
