HBL Engineering Secures Rs 31.49 Crore Order from ICF for KAVACH Loco Equipment Supply
HBL Engineering Limited, formerly known as HBL Power Systems Limited, has secured a significant domestic contract with Integral Coach Factory (ICF), Chennai. The order is related to the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0).The company received the order from ICF for Rs 31.49 Crores (excluding 18% GST). This contract mandates that HBL Engineering Limited completes all work associated with the project on or before March 31, 2028.
The transaction details indicate that it is a domestic contract and confirmed that neither the promoters nor their group companies have any interest in the awarded entity. Furthermore, the business arrangement was confirmed to fall outside the category of a Related Party Transaction.
Key commercial terms of the order are summarized below:
| Particulars | Details |
|---|---|
| Entity awarding the contract | Integral Coach Factory (ICF), Chennai |
| Type of transaction | Domestic |
| Scope of work | Supply, installation, testing and commissioning of On-board KAVACH loco equipment (Ver.4.0) |
| Contract completion deadline | March 31, 2028 |
| Commercial value | Rs 31.49 Crores (Excluding 18% GST) |
| Promoter interest | None of the promoters is interested in the transaction |
HBLENGINE Stock Price Movement
Edging higher as of 9:39 AM, shares of HBL Engineering Limited have climbed 2.14%, trading at ₹734.05. The stock maintained strong momentum, with a reported volume of 257,867 shares currently being traded.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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