Sangli, Maharashtra: Quality Power Electrical Equipments Limited (“Quality Power” or “the Company”) (NSE: QPOWER | BSE: 544367) today announced that it executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators Limited (“WSIL”), a Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators. The transaction is subject to customary due diligence, statutory and regulatory approvals, and other closing conditions, and is expected to be completed within three months.
The acquisition strengthens Quality Power’s high-voltage product portfolio at a time when global capital deployment into transmission networks, substations, HVDC corridors, renewable-energy evacuation and grid modernization is accelerating.
A strategic manufacturing platform
WSIL owns and operates a fully automated insulator manufacturing facility in the Atchutapuram Special Economic Zone near Visakhapatnam, Andhra Pradesh. The facility is capable of manufacturing high-voltage ceramic insulators up to 1200 kV, with an installed capacity of approximately 18,000 MTPA, as well as polymeric insulators up to 400 kV, produced to IEC, ANSI and IS standards. It is situated on approximately 47.7 acres within a prime industrial corridor, with strategic access to both Visakhapatnam Port and Gangavaram Port.
The facility has been modernized with European-origin process technology, automated manufacturing systems and disciplined quality controls spanning every critical production stage: raw material preparation, batching, milling, ageing, forming, drying, firing, grinding, assembly and testing. It is engineered to deliver consistent ceramic body quality, mechanical strength, dimensional reliability and sustained long-term field performance.
Its SEZ location confers meaningful logistical and fiscal advantages, including duty-efficient import of machinery, raw materials and consumables, export-oriented infrastructure, and proximity to two major ports. The scale of the land parcel further provides significant headroom for phased capacity expansion.
A heritage brand with over six decades of legacy
The plant carries forward the legacy of the WS Insulators brand, one of India’s most established names in electro porcelain insulators, with origins dating back to 1961, when the business was incorporated as WS Insulators of India. Across more than six decades, the brand has served utilities, OEMs and EPC customers across approximately 55 countries, building a product heritage spanning suspension, solid core, hollow, pin and disc insulators.
In high-voltage ceramic insulators, customer approvals, type-test records, field-performance history and long-term utility qualifications represent critical and time-intensive barriers to entry. The acquisition provides Quality Power with direct access to this established qualification footprint, accumulated over a brand history of more than 60 years.
Bharanidharan Pandyan, Joint Managing Director, Quality Power Electrical Equipments Limited, said: “Winwin Speciality Insulators brings together what cannot be built overnight: a high-voltage insulator manufacturing platform, the legacy of the WS Insulators brand built over six decades since 1961, global product qualifications, and a substantial industrial land parcel in one of India’s most strategic port-linked manufacturing corridors. Its automated systems and European-origin process technology provide a strong foundation on which to build a world-class insulator business. As the world invests heavily in grid expansion, renewable integration and HVDC infrastructure, we believe insulators will become an important strategic growth area for the Company.”
Strategic rationale
For Quality Power, the proposed acquisition is expected to expand the Company’s addressable market, deepen wallet share with existing customers, and reinforce its position as an integrated supplier of critical high-voltage equipment to global utilities, OEMs and EPC customers. The Company intends to support WSIL with operational excellence, technology integration, working-capital strength, global customer access and phased capacity expansion.
A disciplined and consistent acquisition track record
The proposed acquisition continues Quality Power’s established strategy of targeted, value-accretive acquisitions across the high-voltage power equipment value chain:
