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HBL Engineering bags ₹132.95 cr railway contract for Kavach safety system
The project consists of implementation of the Kavach safety system across the Vijayawada–Ballarshah section, marking a major step forward in enhancing railway safety and accident prevention in the region.
The contract covers installation of Kavach over a 446-kilometre stretch, across 48 stations and 10 locomotives. The project is expected to be completed within 18 months, according to a stock exchange filing.
Kavach, an automatic train protection system developed in India, aims to reduce the risk of signal passing at danger (SPAD) and collisions. It is part of Indian Railways' broader push to enhance safety through advanced technology and indigenous innovation.
The total accumulated order book of the company, as mentioned in the disclosure, stands at ₹3,998.38 crore.
Q4 results
The fourth quarter net profit of the company declined 20 per cent to ₹52.32 crore in the financial year 2024–25. The company had reported a profit of ₹65.53 crore in the same quarter last year.
Revenue from operations stood at ₹475.57 crore in Q4 FY25, a 22 per cent decline from last year's Q4 revenue of ₹610.08 crore.
In terms of segment-wise revenue, the steepest decline was recorded in the electronics segment. Revenue from electronics fell 65.51 per cent to ₹57.96 crore in Q4 FY25, compared to ₹168.08 crore in the same quarter last year.
The industrial batteries segment remained the highest revenue generator, posting ₹355.59 crore in Q4 FY25, against ₹364.98 crore in Q4 FY24.
Revenue from the Defence & Aviation Batteries segment declined 26.85 per cent to ₹46.13 crore, compared to ₹63.08 crore in the same quarter last year.
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Business Standard
a few seconds ago
- Business Standard
India set to join top William Grant markets with Balvenie Fifty launch
India is a high priority market for the leading Scotch whisky and premium spirits maker William Grant & Sons, with potential to become one of its top five markets globally in the coming years, a top company official has said. The family-owned premium spirits company, which owns various brands, including Glenfiddich, Monkey Shoulder, Balvenie and Hendrick's Gin, entered India 10 years ago. And the growth in the country has been very promising, William Grant & Sons India Managing Director Sachin Mehta told PTI. The Scotland-based premium spirits maker has unveiled 'The Balvenie Fifty', a 50-year-old ultra-rare Speyside single malt scotch whisky in the Indian market. Only one bottle of The Balvenie Fifty First Edition' aged in a European oak refill cask, filled in 1973, has been made available in India, offering a unique opportunity for collectors and connoisseurs to own a piece of whisky history. When asked about its price, Mehta said: "Balvenie Fifty is probably going to be in the range of Rs 70 lakh thereabouts". William Grant & Sons India operates in the premium alcoholic beverage segment, where its portfolio includes Glenfiddich, Monkey Shoulder, Balvenie, Grant's and Hendrick's Gin. "And our latest addition is a brand called The Famous Grouse," which has been added since July, he noted. According to Mehta, India is among the top ten markets for William Grant & Sons and one of the few markets where it has established its own distribution company. "It is one of the top priority markets within the global network of William Grant & Sons," he said. India is the largest whisky market globally, where the market is witnessing premiumisation, supported by various factors, like a growing economy, rising middle-class income, growing numbers of millennials and white collar professionals. When asked whether India has the potential to become one of the top 5 markets for William Grant & Sons, Mehta said: "India certainly has a very large potential. The story of the potential that India has is not hidden, and everybody knows about it. And that is true across all categories. And so much so, even for the single malts and Balvenie. So surely, it can be one of the top markets". Moreover, factors like the recent free trade agreement between the governments of India and the UK, which, according to Mehta, is an "achievement" and the policies of the state governments in India are becoming "more and more progressive and consumer-friendly", with an increasing ease of doing business. India is already a leading market for major global spirits makers. It is now the largest market for French spirit maker Pernod Ricard by volume and the second largest by value. It is also a key contributor to the British premium spirits maker Diageo. On its single malt brand Glenfiddich, Mehta said, "It's one of the top-selling single malts in the country". "Similarly, India is one of the top priority markets for that brand (Glenfiddich) as well, like it is for the Balvenie and it is for the rest of our portfolio," he added. Besides, Mehta also expects growth from Balvenie, which operates in the premium side of single-malt whisky. "India is a large whisky market, and there has been a lot of premiumisation. It really goes on to give us the confidence that our Indian consumer is now really looking for great value, and that value comes from aspirational brands like the Balvenie," he said. Earlier, Balvenie was available in selected cities only, as it is an allocated product to specific markets. However, with increased allocation, it is now available in more cities across India. "We are able to increase the stock availability in India, and we are looking to make it available in more and more cities," he said. Besides, 50-year-old single malt scotch whisky, it has also amplified its play in the super premium segment - The Balvenie Thirty and The Balvenie Twenty-Five, both of which are available in a highly exclusive and limited release.
Time of India
an hour ago
- Time of India
Turkey unveils world's first sea-skimming combat drone, a stealthy, production-ready WIG craft unlike anything US, Russia or China has
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News18
2 hours ago
- News18
Shreeji Shipping, Patel Retail to float IPOs on Aug 19
New Delhi, Aug 10 (PTI) Shipping and logistics solutions provider Shreeji Shipping Global Ltd and supermarket chain Patel Retail Ltd are set to launch their maiden public issues on August 19. According to their Red Herring Prospectus (RHP), the IPOs will close on August 21, and the one-day bidding for anchor investors is scheduled for August 18. The two companies will announce the price band for their public issues on Monday. So far this year, 44 mainboard companies have launched their IPOs. In addition, two IPOs of BlueStone Jewellery and Lifestyle will open on August 11, followed by the issue of agro-based firm Regaal Resources on August 12. Going by the RHP, Shreeji Shipping Global's IPO is an entirely fresh issue of 1.63 crore equity shares with no offer for sale (OFS) component. The company plans to utilise Rs 251.2 crore from the IPO proceeds for the acquisition of dry bulk carriers in the supramax category on the secondary market, and Rs 23 crore for debt repayment. The flagship company of Jamnagar-based Shreeji Group primarily focuses on non-major ports and jetties, particularly along the west coast of India. Patel Retail's IPO is a mix of a fresh issue of 85.18 lakh shares and an OFS of 10.02 lakh shares of promoters, according to the RHP. As per merchant banking sources, the IPO size is expected to be Rs 250 crore to Rs 300 crore. Proceeds from the fresh issuance to the tune of Rs 59 crore will be used for payment of debt, Rs 115 crore for funding of working capital requirements of the company, and a portion will be used for general corporate purposes. Patel Retail was established in 2008 with the launch of its first store in Ambernath, Maharashtra. Since then, it has expanded its operations throughout the suburban regions of Thane and the Raigad district in Maharashtra. The company provides a diverse range of products including food, non-food items, general merchandise, and apparel to meet the needs of families. It operates in tier-III cities and nearby suburban areas under the brand 'Patel's R Mart'. Shares of the two companies are expected to begin trading on the bourses from August 26. PTI SP MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 10, 2025, 12:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
