HBL Engineering Limited has informed the Exchange about acceptance of an order worth Rs.83.81 (Inclusive of 18% GST) from Patiala Loco Works (PLW), Punjab for Supply, testing and commissioning of On-board KAVACH equipment (Ver.4.0).
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HBL Engineering Limited has accepted an order worth Rs. 83.81 Crore (inclusive of 18% GST) from Patiala Loco Works (PLW), Punjab, a unit under Indian Railways. The contract is for the supply, testing, and commissioning of On-board KAVACH equipment (Version 4.0), which is India's indigenous automatic train protection system. The project must be completed on or before April 15, 2027. This is a domestic order and is not a related-party transaction.
This is a positive development for HBL Engineering, adding a meaningful government-backed order to its order book in the strategically important railway safety segment. KAVACH orders from Indian Railways are seen as recurring in nature, which could support revenue visibility over the medium term.