Quality Power Electrical Signs Landmark Agreement with Hyosung, Stock Rises 4.67%

Mumbai, September 25, 2025 – Quality Power Electrical Equipments Ltd share price (BSE: 544367, NSE: QPOWER) increased by 4.67% in day’s trade on Thursday, with the scrip touching ₹1,017 at 03:19 IST, after signing with Hyosung T&D India Pvt. Ltd. a pioneering co-development agreement for Gas-Insulated Switchgear (GIS) Instrument Transformers.

Quality Power Electrical Equipments Ltd. is a multi-national public company specializing in high-voltage power equipment and advanced solutions for power quality. Its products are deployed across 100 countries, with ISO-certified facilities producing up to 765 kV infrastructure equipment.

Hyosung Group was established in 1966. Hyosung Group is among South Korea’s biggest conglomerates with close to 17,000 employees and over USD 16.5 billion in revenue. Hyosung Heavy Industries, one of Hyosung Group’s energy-focused divisions, had annual revenue of USD 3.9 billion.

Share Price Update

Quality Power Electrical Equipments stock was quoting at ₹1,017 at 3:19 PM on September 25, 2025, which is a rise of 4.67%. Quality Power Electrical Equipments Ltd’s shares opened at ₹998.00 and fluctuated between a high of ₹1,049.50 and a low of ₹989.20 throughout the day. The market capitalization of the firm is ₹7,850 crore. The share provides a dividend yield of 0.099%, with a quarterly dividend payment of ₹0.249 per share. Throughout the previous year, the stock reached a 52-week high of ₹1,072.00 and a low of ₹267.80.

Strategic Agreement Details

On 23 September 2025, Mehru Electrical signed a contract with Hyosung T&D India Ltd., the Indian subsidiary of South Korea’s Hyosung Heavy Industries Corporation. The partnership combines Hyosung’s advanced GIS equipment and eco-friendly gas technologies with Mehru’s expertise in manufacturing high-voltage instrument transformers. The joint venture will focus on developing world-class GIS components designed and manufactured in India, targeting international customers.”

Mr. Bharanidharan Pandyan, Joint Managing Director of QPE, stated, “With global GIS technology coming to India, we are opening frontiers for exports, realizing true self-reliance, and enriching India’s place on the global advanced T&D manufacturing map”.

Industry context

The global GIS market is expected to grow at a CAGR of 7–8% through 2030, driven by the integration of renewable energy systems, grid modernization, and urbanization. Until now, India has largely depended on imports of GIS technology from China, Japan, and European countries. This initiative will reduce import dependency, support the ‘Make in India’ programme, and enhance India’s role in producing advanced power infrastructure. The first transformers from this joint development are expected to achieve commercial production within the next 12 months.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3542020f-d443-4f31-baf8-094ee1d4130a.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations