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298040 Hyosung Heavy Industries News Story

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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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