HBL Engineering Ltd. Secures Order Worth Rs. 179.79 Crores from Banaras Locomotive Works
HBL Engineering Ltd. announced on April 2, 2026, that it has received a Letter of Acceptance from Banaras Locomotive Works (BLW) for the supply, testing, and commissioning of On-board KAVACH equipment (Version 4.0). The order is valued at Rs. 179.79 Crores, inclusive of 18% Goods and Services Tax (GST).The contract, awarded to a domestic entity, is to be completed on or before February 15, 2027.
According to the terms of the order, HBL Engineering Ltd. will be responsible for the supply, testing, and commissioning of the On-board KAVACH equipment. The company secretary, G B S Naidu, made the disclosure. Neither the company nor its promoters have any interest in Banaras Locomotive Works. The transaction does not constitute a related-party transaction.
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