HBL Engineering Limited has informed the Exchange about Bagging/Receiving of Kavach orders/contracts value of Rs.54.12 Crs (inclusive of GST) from West central Railway.
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HBL Engineering Limited has received a Letter of Acceptance from West Central Railway for Kavach installation work. The order, valued at Rs. 54.12 Crores (inclusive of 18% GST), covers survey, design, supply, installation, testing, and commissioning of trackside KAVACH equipment across 18 stations and 166 route kilometers in the Kota-Ruthiyai and Sogaria-Kota 'C' sections of Kota division. The project must be completed within 700 days. The company's total accumulated order book now stands at Rs. 4,083.17 Crores, indicating a strong pipeline of work. No promoters or group companies have any interest in the awarding entity, and this is not a related-party transaction.
This is a positive development for shareholders as it adds to the company's already substantial order book and reinforces HBL's role in the government's Kavach railway safety rollout. The order supports revenue visibility, though its size (~1.3% of the existing order book) is incremental rather than transformative for the stock in the near term.