HBL Engineering Ltd Secures Order Worth Rs.83.81 Crores from Patiala Loco Works
HBL Engineering Ltd has accepted an order valued at Rs.83.81 Crores, inclusive of 18% GST, from Patiala Loco Works (PLW), Punjab. The contract involves the supply, testing, and commissioning of On-board KAVACH equipment (Ver.4.0).The details regarding the contract award were provided for record purposes, specifying key aspects of the transaction.
The awarded contract is with a domestic entity, Patiala Loco Works (PLW), Punjab. The scope of work includes the supply, testing, and commissioning of On-board KAVACH equipment, version 4.0.
The company has indicated that the contract is scheduled to be completed on or before April 15, 2027.
A detailed overview of the transaction is presented in the table below:
| Particulars | Details |
|---|---|
| name of the entity awarding the order(s)/contract(s) | Patiala Loco Works (PLW), Punjab |
| whether order(s) / contract(s) is awarded to domestic/ international entity | Domestic |
| significant terms and conditions of order(s)/contract(s) awarded, in brief | Supply, testing and commissioning of On- board KAVACH equipment (Ver.4.0). |
| time period, if any, associated with the order(s)/contract(s) | Contract to be completed on or before April 15, 2027. |
| broad commercial consideration or size of the order(s)/contract(s) | The total value of the contract is Rs.83.81 Crores (inclusive of 18% GST) |
| Whether the promoter/ promoter group / group companies have any interest in that entity to whom the order(s) / contract(s) is awarded? If Yes, nature of interest and details thereof. | None of the promoters is interested in the transaction. |
| whether the same would fall within related party transactions? If yes, whether the same is done at 'arms length'. | No. The transaction would not fall under Related Party Transaction category. |
HBLENGINE Stock Price Movement
As of 10:09 AM, shares of HBL Engineering Limited are slipping by 1.11% in live trading, currently hovering at ₹710.4. The stock moves amid considerable investor interest, recording a total volume of 870,751 shares traded.Source:
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