HBL Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HBLENGINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HBL Engineering Limited has received a Letter of Acceptance from Chittaranjan Locomotive Works (CLW), a unit of Indian Railways, for supply, installation, testing and commissioning of On-board KAVACH Loco equipment (Version 4.0). The total contract value is Rs. 1,714 Crores excluding 18% GST. The contract is to be completed within 12 months. This is a domestic order awarded to a domestic entity with no promoter interest or related party transaction involved.
This is a massive order worth Rs. 1,714 crore representing a significant revenue opportunity for HBL Engineering. The order from Indian Railways' CLW for KAVACH safety equipment indicates strong government focus on railway safety systems, which could be highly positive for the company's revenue visibility over the next 12 months.