Quality Power Electrical Equipments Limited — JV/Acquisition, 02-08-2025: Acquisition

Quality Power Electrical's subsidiary has acquired a 26% stake in Nebeskie Labs for ₹1.67 Cr, making it an associate company. Nebeskie is a tech firm providing the digital backbone for Industry 4.0 and AI, with its 'Enture' edge platform enabling rapid factory digitization. This acquisition strategically boosts Quality Power's product development and expands its offerings into IIoT solutions. It positions the company to tap into smart factory advancements, helping clients achieve significant operational cost savings. A smart move into high-growth industrial tech.