Quality Power Electrical Equipments has executed share purchase agreement (SPA) for acquisition of 9,04,758 equity shares (50%) of Sukrut Electric Company, joint venture with Yash Highvoltage (50%). Sukrut Electric Company is in the business of manufacturing electronic equipment and instruments, panels & spares, accessories & fittings thereof. The cost of the acquisition is 5 lakh Euros (around Rs 5.22 crore).
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.
