HBL Engineering Limited has informed the Exchange about Awarding of order(s)/contract(s)
HBLENGINE · price
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HBL Engineering Limited has received a Letter of Acceptance from Western Railway for deploying the Kavach train protection system across 48 stations spanning 428 kilometres of track. The total contract value is Rs. 145.83 Crores inclusive of 18% GST. The project must be completed within 730 days (roughly 2 years). The order is domestic, with no related party involvement or promoter interest in the awarding entity. Kavach is India's indigenous Automatic Train Protection system used to prevent train collisions and improve railway safety.
This government-backed order adds to HBL Engineering's order book and provides revenue visibility over the next two years, reinforcing the company's position in India's railway safety modernization drive. For shareholders, it signals continued business momentum in a strategically important segment, which is likely to be viewed positively by the market.