Business Update3 Aug 2026, 09:25 am
HBL Engineering Secures ₹31.49 Cr Order for Kavach Loco Equipment
AI Summary
HBL Engineering Ltd has announced the acceptance of a significant order worth ₹31.49 crores (excluding 18% GST) from Integral Coach Factory (ICF), Chennai. The order encompasses the supply, installation, testing, and commissioning of on-board Kavach Loco equipment (version 4.0). The contract is scheduled for completion by March 31, 2028. This development is classified under SEBI Listing Regulations, and the company has confirmed that promoters have no interest in the transaction, nor does it fall under related party transactions.
Key Highlights
- HBL Engineering awarded ₹31.49 Cr contract by ICF Chennai.
- Order includes supply, installation of Kavach Loco equipment.
- Project completion deadline set for March 31, 2028.
- No promoter interest or related party transaction involved.
- Order value excludes 18% GST.
Price Impact
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