Mumbai (Udaipur Kiran News): Shares of Quality Power Electrical Equipments Ltd (QPEEL) jumped over 3% on Thursday after its subsidiary signed a co-development pact with Hyosung T&D India, a unit of Korea’s Hyosung Heavy Industries.
The stock was trading at ₹1008.20 on the BSE, up 3.51% or ₹34.20 from its previous close of ₹974.00. It opened at ₹995.10 and touched an intraday high of ₹1049.00 and a low of ₹989.85. Around 72,738 shares changed hands during the session.
Over the past year, the scrip has hit a 52-week high of ₹1072.00 (24 Sep 2025) and a low of ₹270.60 (7 Apr 2025). The company’s market capitalization stands at ₹7969.00 crore. Promoters hold 73.91%, while institutional and non-institutional investors own 7.97% and 18.12%, respectively.
The company said its material subsidiary Mehru Electrical and Mechanical Engineers has entered into a landmark co-development agreement with Hyosung T&D India for gas-insulated switchgear (GIS) instrument transformers. The collaboration combines Hyosung’s global expertise in eco-friendly gas technologies and compact designs with Mehru’s high-voltage transformer manufacturing capabilities.
This marks one of the first such technology co-development efforts by an Indian company in the GIS segment, aligning with the Government’s ‘Make in India’ initiative and reducing reliance on imports.
The agreement enables Mehru to diversify into the GIS value chain and tap new demand segments such as metro rail, offshore wind, data centers, and high-voltage urban transmission projects. The jointly developed products will meet IEC/IEEE international standards, with commercialization expected within 12 months.
Quality Power Electrical Equipments operates across power generation, transmission, distribution, and automation businesses.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
