HBL Engineering Limited has informed the Exchange about receipt of letter of acceptance to HBL for upgradation of the Kavach Version 3.2 to Version 4.0 in Mudkhed(Including) - Manmad (Excluding) Section. The Value of the contract is Rs.30.67 Crs to be completed with 24 months. The total accumulated order book including this contract for upgradation of Kavach system is Rs.4,029.05 Crores.
HBLENGINE · price
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Awaiting price reaction for this filing.
HBL Engineering has received a letter of acceptance from South Central Railway for upgrading the Kavach train protection system from Version 3.2 to Version 4.0 in the Mudkhed–Manmad section covering 350 Kms. The contract is valued at Rs. 30.67 Crores (inclusive of 18% GST) and is to be completed within 24 months. With this addition, the company's total accumulated order book for Kavach upgradation stands at Rs. 4,029.05 Crores. The order is purely domestic, with no related party or promoter interest involved. HBL continues to be a key execution partner in Indian Railways' nationwide Kavach rollout programme.
Mildly positive for sentiment — the new order is small (under 1% of the existing order book), so limited direct revenue impact. However, it reinforces HBL's credibility and ongoing role in the Kavach deployment, which is a multi-year, high-priority programme for Indian Railways.