HBL Engineering Secures Rs 31.49 Crore Order from ICF for KAVACH Loco Equipment Supply
Park Medi World Limited, operating as HBL Engineering, has secured a domestic order worth Rs 31.49 Crores (excluding 18% GST) from Integral Coach Factory (ICF), Chennai. The contract involves the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment, specifically Ver.4.0.The transaction details indicate that HBL Engineering will complete the contract on or before March 31, 2028.
Details regarding the commercial aspects and terms of the order are as follows:
| Particulars | Details |
|---|---|
| Name of awarding entity | Integral Coach Factory (ICF), Chennai |
| Nature of transaction | Domestic |
| Total value of contract | Rs 31.49 Crores (Excluding 18% GST) |
| Scope of work | Supply, installation, testing and commissioning of On-board KAVACH loco equipment (Ver.4.0). |
| Completion timeline | Contract to be completed on or before March 31, 2028. |
The company confirmed that none of the promoters have an interest in this transaction awarded by ICF. Furthermore, the deal is not categorized as a Related Party Transaction and will be executed at arm's length.
PARKHOSPS Stock Price Movement
Park Medi World Limited's shares are edging higher to ₹295.80 as of 9:42 AM today, having gained 1.08% in the live market. The stock trades on a volume of 138,684 shares, demonstrating steady momentum this morning.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.