HBL Engineering Limited has informed the Exchange that South Central Railway has issued letter of acceptance for provision of the Kavach in Vijayawada Ballarshah section. The value of the contact is Rs.132.95 Crores (including GST @ 18%). The Contact has to completed within 18 months.
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HBL Engineering Limited has received a Letter of Acceptance from South Central Railway for installing the Kavach (indigenous train collision avoidance system) on the Vijayawada–Ballarshah section. The contract covers 48 stations, 446 km of track, and 10 locomotives, valued at Rs. 132.95 Crores (inclusive of 18% GST). The work must be completed within 18 months. The company's total accumulated order book now stands at Rs. 3,998.38 Crores. The order is domestic, from a government entity, and is not a related party transaction.
This is a positive development, adding a sizeable government contract to HBL's order book and strengthening revenue visibility over the next 18 months. Continued wins in the Kavach segment reinforce HBL's position in India's railway safety upgrade programme.