India's Quality Power Electrical gains after deal with Hyosung unit to make transformers
** Shares of Quality Power Electrical Equipments QUAY.NS rise 2.7% to 998 rupees ** Electrical equipments maker's unit signs technology co-development pact with South Korea’s Hyosung 298040.KS unit to make gas-insulated switchgear transformers in India ** Development, commercialization of initial set of transformers expected within next 12 months ** Stock up 132% since its trading debut in February (Reporting by Aleef Jahan) ((aleefjahan.cs@thomsonreuters.com))
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