HBL received letter of acceptance from Chittaranjan Locomotive Works for supply, installation, testing and commissioning of onboard Kavach loco equipment (ver 4.0) worth Rs.1,714 Crs (excluding ....
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HBL Engineering has received a Letter of Acceptance from Chittaranjan Locomotive Works (CLW), a unit of Indian Railways, for supply, installation, testing and commissioning of onboard KAVACH Loco equipment version 4.0. The contract value is Rs 1,714 crores (excluding 18% GST) and must be completed within 12 months. KAVACH is India's domestically developed automatic train protection system. The order is entirely domestic with no promoter interest or related party involvement. This represents one of the largest contracts for HBL Engineering, likely exceeding the company's annual revenue multiple times.
This is an exceptionally large order that could transform HBL Engineering's revenue profile for FY26-27. The stock is likely to see significant positive reaction given the scale of the order from a prestigious government entity like Indian Railways.