HBL Engineering Limited, formerly known as HBL Power Systems Limited, has announced a significant contract win from Chittaranjan Locomotive Works (CLW).
The contract, valued at ₹1,714 crore excluding 18% GST, involves the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Version 4.0).
The contract awarded by CLW is a domestic one, highlighting HBL Engineering's strong presence in the Indian market.
The project involves the comprehensive supply and commissioning of the latest version of KAVACH Loco equipment, which is a significant technological advancement in the railway sector.
HBL Engineering is expected to complete the contract within 12 months, showcasing their capability to deliver large-scale projects efficiently.
The total value of the contract stands at ₹1,714 crore, excluding the applicable GST of 18%.
It is noteworthy that none of the promoters or promoter groups of HBL Engineering have any interest in the transaction with CLW.
Furthermore, this contract does not fall under the category of related party transactions, ensuring transparency and adherence to regulatory norms.
This contract win is a testament to HBL Engineering's expertise and reputation in the engineering sector.
By securing such a substantial order, the company reinforces its position as a key player in the industry, particularly in the railway equipment segment.
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As of May 29, 2026, at 10:11 AM, HBL Engineering share price on NSE was trading at ₹834.75 up by 2.11% from the previous closing price.
HBL Engineering's acquisition of the ₹1,714 crore contract from Chittaranjan Locomotive Works underscores the company's robust capabilities in delivering complex engineering solutions. This development is a significant milestone for the company, reflecting its commitment to innovation and excellence in the engineering domain.
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Published on: May 29, 2026, 11:19 AM IST
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