Deals28 May 2026, 11:58 pm
HBL Engineering Wins ₹1,714 Cr KAVACH Loco Equipment Order from CLW
AI Summary
HBL Engineering Limited has received a Letter of Acceptance from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0). The domestic contract is valued at ₹1,714 Crores, excluding 18% GST. The company is required to complete the project within 12 months. This transaction is not considered a related party transaction, and no promoters have an interest in the entity awarding the order.
Key Highlights
- HBL Engineering secured a ₹1,714 Cr order from CLW.
- The contract is for KAVACH loco equipment supply and installation.
- Project completion is expected within 12 months.
- It is a significant domestic order for the company.
- No promoter interest or related party transaction.
Price Impact
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