HBL Engineering Limited, formerly known as HBL Power Systems Limited, has received an order worth ₹410.42 crore (inclusive of 18% GST) from the Ahmedabad Division of Western Railway. The order has been issued to the HBL-Shivakriti Consortium, where HBL Engineering is the lead member.
The contract involves the supply and installation of way-side Kavach across two railway sections:
The total coverage spans 402 km. The project is expected to be completed within 730 days from the issuance of the purchase order.
Kavach is an automatic train protection (ATP) system designed to reduce the risk of train collisions. It works by controlling train speeds and braking when necessary. The Indian Railways has been deploying Kavach across multiple routes to improve safety.
The project is classified as a domestic contract.
HBL Engineering Ltd shares are trading at ₹608.80, up ₹44.70 (7.92%) as of today, February 1, 11:41 AM. While the stock has declined 3.98% over the past month, it has gained 17.83% in the last five days.
HBL Engineering and its consortium partner, Shivakriti International, are responsible for implementing the system within the stipulated two-year period. The installation will be carried out in phases across the designated railway sections.
This order was disclosed as per Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Additional details were provided in compliance with SEBI’s Master Circular No. SEBI/HO/CFD/PoD2/P/0155 dated November 11, 2024, and subsequent updates from December 2024.
The order is another phase in the implementation of Kavach across India’s railway network. The project will be monitored over the next two years as the installation progresses on the Ahmedabad Division routes.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing
Published on: Feb 1, 2025, 3:32 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates