HBL Engineering Share Price Rose 2% on June 16; Wins Kavach Orders

HBL Engineering Limited (formerly HBL Power Systems Limited), a key player in railway safety and automation solutions, has received two significant contracts from South Central Railway for the upgradation and provision of the Kavach safety system across two major sections.

These orders add to HBL’s order book, taking its total accumulated orders to ₹4,029.05 crore.

Kavach Upgrade in Mudkhed–Manmad Section

The first contract involves upgrading the Kavach system from Version 3.2 to Version 4.0 across the Mudkhed (Including) – Manmad (Excluding) section. This project spans a total of 350 kilometers and has a contract value of ₹30.67 crore, inclusive of 18% GST.

As per the contract terms, the upgradation must be completed within a period of 24 months. This upgrade aims to enhance the operational safety and signaling reliability across the designated section, aligning with the Indian Railways’ goal of increasing safety standards through indigenous technologies.

Provision of Kavach in Vijayawada–Ballarshah Section

In a separate development, HBL Engineering has also been awarded a contract for the provision of the Kavach system across the Vijayawada–Ballarshah section. The scope of this project includes:

• Coverage of 48 stations
• Integration across 446 kilometers of track
• Installation in 10 locomotives

The total contract value for this project stands at ₹132.95 crore, inclusive of 18% GST. The completion timeline is set for 18 months from the award of the contract.

This contract further strengthens HBL’s presence in the railway automation sector and supports the government’s efforts in deploying Kavach—India’s indigenous Automatic Train Protection (ATP) system, across high-density rail corridors.

HBL Engineering Share Price Performance

On June 16, 2025, HBL Engineering share price opened at ₹603.00, up from its previous close of ₹589.40. At 10:37 AM, the share price of HBL Engineering was trading at ₹605.95, up by 2.81% on the NSE.

Also Read: HBL Engineering Gets RDSO Approval for Kavach Systems Version 4.0!

Conclusion

The back-to-back orders from South Central Railway highlight HBL Engineering Limited’s strategic role in India’s railway safety initiatives. These projects are not only significant in value but also align with the national push towards technological modernisation and enhanced railway safety through indigenous solutions like Kavach.

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