He noted that the global market for high-voltage direct current ((HVDC) and flexible alternating current transmission systems (FACTS) is currently growing at a compound annual growth rate of 75%.
The company sees significant opportunities both globally and domestically. Western markets, which are typically early adopters of advanced power transmission systems, have led the company to undertake projects in Europe, the US, and Latin America.
However, with India accelerating its investments in power transmission and energy storage, Quality Power Equipments expects to gain traction in the domestic market as well.
Pandyan is optimistic about securing new orders from recently announced HVDC projects.
The company currently has cash of over ₹100 crore on its books.
Quality Power Electrical Equipments debuted on the BSE on February 24 at ₹432.05 per share, a 1.6% premium over its issue price of ₹425.
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(Edited by : Shweta Mungre)
