Deals2 April 2026 at 08:54 am
HBL Engineering Secures Rs.179.79 Crores On-Board Kavach Equipment Order from Banaras Locomotive Works
AI Summary
HBL Engineering Ltd. has received a Letter of Acceptance from Banaras Locomotive Works for the supply, testing, and commissioning of On-Board Kavach equipment (version 4.0) worth Rs.179.79 Crores (inclusive of 18% GST). The contract is to be completed on or before February 15, 2027.
Key Highlights
- HBL Engineering has been awarded a contract worth Rs.179.79 Crores by Banaras Locomotive Works.
- The contract involves the supply, testing, and commissioning of On-Board Kavach equipment (version 4.0).
- The contract is to be completed on or before February 15, 2027.
- This deal does not fall under the Related Party Transaction category.
- No promoter/promoter group/group companies have any interest in the entity to whom the order is awarded.