Announced Wed, 15 Jul · 10:42 IST
HBL Engineering wins Rs 24 Cr Kavach order from ICF Chennai
HBLENGINE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹743.00
prior close
₹750.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.5+0.5+0.7-0.2-0.4-1.6-1.9-3.9-5.7————
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AI summary
HBL Engineering has accepted a Rs 24 Crore order from Integral Coach Factory (ICF), Chennai, a unit of Indian Railways. The order covers supply, installation, testing and commissioning of On-board KAVACH loco equipment Version 4.0, India's indigenous train collision avoidance system. The contract must be completed by 31 March 2028. The order value excludes 18 percent GST. The deal is domestic with no related party involvement.
Likely market impact
Positive: Adds to order book from a government railway PSU. Kavach rollout is a key railway safety priority, but Rs 24 Cr is modest in size.