Announced Mon, 3 Aug · 09:19 IST
HBL Engineering bags Rs 31.49 Cr KAVACH order from ICF Chennai
HBLENGINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹719.00
prior close
₹729.75
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.7+0.8+0.5+1.5+2.1+2.4+0.8-3.1-3.9————
Up moveDown movePending
AI summary
HBL Engineering has accepted an order worth Rs. 31.49 Crores (excluding 18% GST) from Integral Coach Factory (ICF), Chennai, a government entity under Indian Railways. The order involves supply, installation, testing and commissioning of on-board KAVACH Loco equipment (Ver.4.0), a train safety system. The contract is to be completed by 31 March 2028. The transaction is not a related party transaction.
Likely market impact
Positive: new government order from Indian Railways arm for KAVACH safety system adds to order book with multi-year execution till March 2028.