Deals11 Feb 2026, 09:14 am
HBL Engineering Secures Rs.800.36 Crores Contract from Banaras Locomotive Works
AI Summary
HBL Engineering Ltd. has received a Letter of Acceptance from Banaras Locomotive Works, Varanasi for the supply, testing, and commissioning of on-board Kavach Equipment (ver4.0) worth Rs.800.36 Crs. (Inclusive of 18% GST) in line with the SEBI Listing Regulations, 2015.
Key Highlights
- HBL Engineering has been awarded a contract worth Rs.800.36 Crores (Inclusive of 18% GST) by Banaras Locomotive Works, Varanasi.
- The contract includes the supply, testing, and commissioning of on-board Kavach Equipment (ver4.0).
- The contract is expected to be completed within 12 months.
- The transaction does not fall under related party transactions and is done at 'arms length'.