Business Update15 Jul 2026, 10:43 am
HBL Engineering Secures ₹24 Cr Order from ICF Chennai
AI Summary
HBL Engineering Ltd has announced the acceptance of a significant order worth ₹24 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 (Ver.4.0). The project is slated for completion by March 31, 2028. This domestic order does not involve any related party transactions or interest from promoters.
Key Highlights
- HBL Engineering wins ₹24 Cr order from Integral Coach Factory.
- Contract is for On-Board Kavach Loco equipment supply and installation.
- Project completion deadline set for March 31, 2028.
- Order value excludes 18% GST.
- No promoter interest or related party involvement.
Price Impact
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