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HBL Engineering secures ₹499.68 crore Kavach systems orders

March 28, 2025 at 07:08 PM UTCBy FilingReader AI

HBL Engineering announced that it has received two letters of acceptance for projects related to the supply and installation of Kavach (Train Collision Avoidance System) systems. These orders, secured under the name of the HBL-Shivakriti Consortium, are valued at ₹499.68 crore, inclusive of GST. The first order, worth ₹244.68 crore, is for the Viramgam-Rajkot-Okha section of the Rajkot Division of Western Railway. The second, valued at ₹255.00 crore, pertains to the Dholpur-Bina section of the Jhansi Division of North Central Railway. The company anticipates completing the Western Railway order within 730 days and the North Central Railway order within 700 days of the appointed date. The company clarified that the promoter group has no direct interest in these transactions, and they do not constitute related-party transactions.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:HBLPOWERBombay Stock Exchange

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