HBL Engineering Limited has informed the Exchange about acceptance of an order worth Rs.575 Crs (inclusive of 18% GST) from Integral Coach Factory, Chennai for supply, testing and commissioning of On-Board Kavach equipment (Ver 4.0). Disclosure as per listng regulations is appended.
HBLENGINE · price
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HBL Engineering has bagged a Rs. 575 Crore order (inclusive of 18% GST, so about Rs. 487 Cr on a pre-tax basis) from Integral Coach Factory (ICF), Chennai, which is a Railway PSU under the Ministry of Railways. The order covers supply, testing and commissioning of On-Board Kavach equipment (Version 4.0), which is Indian Railways' indigenous automatic train protection safety system. The disclosure was made under the listing regulations, indicating the size of the order is materially significant relative to the company's operations. Kavach deployment across the Indian Railways network is currently a key priority for the government, making this a strategically important contract.
This large order strengthens HBL Engineering's order book and provides multi-quarter revenue visibility, while reinforcing its standing as a key supplier in the government-driven railway safety upgrade programme — likely to be viewed positively by the market.