HBL Engineering Limited has informed the Exchange about Awarding of order(s)/contract(s) from from Banaras Locomotive Works (BLW) has issued Letter of Acceptance to HBL for Supply, testing and commissioning of On-board KAVACH equipment (Ver.4.0) worth Rs.800.36 Crores (Inclusive of 18% GST).
HBLENGINE · price
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HBL Engineering Limited has received a Letter of Acceptance from Banaras Locomotive Works (BLW), a government PSU under Indian Railways, for the supply, testing, and commissioning of On-board KAVACH equipment (Version 4.0). The order is valued at Rs. 800.36 Crores, inclusive of 18% GST. KAVACH is India's indigenous automatic train protection system designed to improve railway safety by preventing collisions and signal passing at danger. Given HBL Engineering's revenue base, this single order represents a substantial share of annual turnover. The contract strengthens the company's presence in the railway safety and signalling segment, which is a key growth area backed by large-scale government capex in Indian Railways.
This is a meaningful positive for shareholders, as the order provides strong multi-quarter revenue visibility from a credible government counterparty. It validates HBL Engineering's capabilities in the strategic KAVACH segment and is likely to support positive sentiment around the stock in the near term.