India's Quality Power Electrical gains after deal with Hyosung unit to make transformers

** Shares of Quality Power Electrical Equipments QPOWER rise 2.7% to 998 rupees

** Electrical equipments maker's unit signs technology co-development pact with South Korea’s Hyosung 298040 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