HBL Engineering Secures Rs 24 Crore Order from Integral Coach Factory for KAVACH Loco Equipment
HBL Engineering Ltd. has secured a significant contract valued at Rs 24 Crores (excluding 18% GST) from the Integral Coach Factory (ICF), Chennai. The order involves the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0).The contract awarded by ICF is designated for HBL Engineering Ltd., marking a key operational achievement in the rail technology sector.
Contract Details
The agreement encompasses the full scope required for the specialized railway components. The details of the order are as follows:| Particulars | Detail |
|---|---|
| Client Entity | Integral Coach Factory (ICF), Chennai |
| Contract Value | Rs 24 Crores (Excluding 18% GST) |
| Scope of Work | Supply, installation, testing and commissioning of On-board KAVACH Loco equipment (Ver.4.0) |
| Delivery Timeline | The contract must be completed on or before March 31, 2028 |
The transaction is characterized as a domestic order, and HBL Engineering Ltd. confirmed that neither the promoters nor the promoter group hold any interest in the awarded entity. Furthermore, the deal has been classified as non-related party in nature.
HBLENGINE Stock Price Movement
As of 10:44 AM, shares of HBL Engineering Limited are edging higher to ₹755.5 as the stock gains 1.64% in live trading. The company is currently showing robust activity, registering a total traded volume of 312,870 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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