Quality Power Electrical Equipments (QPEEL) has acquired 51% stake in Mehru Electrical and Mechanical Engineers (MEMEPL), a leading manufacturer of high-voltage instrument transformers for utilities, industries and power transmission networks, for a total cash consideration of Rs 120 crore, through a Share Purchase Agreement. This acquisition represents a strategic milestone, aligning with Quality Power’s long-term vision to expand its technological capabilities, USP, manufacturing scale and global market reach.
Quality Power Electrical Equipments is engaged in manufacturing of power products and providing services in the areas of Power Generation, Power Transmission, Power Distribution and Power Automation.
