HBL Engineering Secures Order From Patiala Loco Works for KAVACH Equipment
HBL Engineering Limited has secured an order from Patiala Loco Works (PLW), Punjab, for the supply, testing, and commissioning of On-board KAVACH equipment (Ver.4.0). The total value of this contract is reported to be Rs.83.81 Crores, inclusive of 18% GST.The contract details indicate that the awarded order is domestic in nature. The scope of work involves the supply, testing, and commissioning of the specific KAVACH equipment version.
A review of the contract terms and timelines shows that the work is scheduled for completion on or before April 15, 2027.
The transaction details regarding this significant order are outlined below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Patiala Loco Works (PLW), Punjab |
| Type of Entity | Domestic |
| Scope of Work | Supply, testing and commissioning of On- board KAVACH equipment (Ver.4.0) |
| Completion Timeline | On or before April 15, 2027 |
| Contract Value | Rs.83.81 Crores (inclusive of 18% GST) |
| Promoter Interest | None of the promoters are interested in the transaction |
| Related Party Transaction | No, the transaction would not fall under Related Party Transaction category |
HBL Engineering Limited, which was formerly HBL Power Systems Limited, has executed the agreement, affirming that there is no interest from the promoters in the awarding entity, and the transaction does not fall under the related party transaction category.
HBLENGINE Stock Price Movement
On Wednesday, HBL Engineering Limited shares rallied to close at ₹718.35, marking a strong ascent of 6.08% for the day. The stock traded a volume of 1.96 million shares, with the price action spanning between a low of ₹696.6 and a high of ₹723.Source:
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