STOCKWATCH

HBL Engineering Ltd Receives Two LOAs for Supply of Kavach Systems Worth Rs. 499.68 Cr

HBL Engineering Ltd, formerly known as HBL Power Systems Limited, has announced the receipt of two Letter of Acceptances (LOAs) for the supply of Kavach systems. The LOAs were issued to HBL-Shivakriti Consortium, with HBL as the lead member. The first LOA is for the provision of KAVACH systems (version 4.0) in the Viramgam — Rajkot — Okha Section of Rajkot Division of Western Railway, worth Rs. 244.68 Crores. The second LOA is for the provision of KAVACH systems (version 4.0) on the Dholpur — Bina Section of Jhansi Division of North central Railway, worth Rs. 255.00 Crores. The orders are to be completed within 730 days and 700 days respectively from the appointed order dates.

• HBL Engineering Ltd receives two LOAs for Kavach systems supply worth Rs. 499.68 Cr
• LOAs issued to HBL-Shivakriti Consortium with HBL as the lead member
• First LOA for KAVACH systems supply in Viramgam — Rajkot — Okha Section of Western Railway worth Rs. 244.68 Cr
• Second LOA for KAVACH systems supply in Dholpur — Bina Section of North central Railway worth Rs. 255.00 Cr
• Orders to be completed within 730 and 700 days from the appointed order dates