HBL Engineering wins Rs 101.55 crore Kavach contract from IRCON
HBL Engineering Limited (formerly HBL Power Systems Limited) has received a Letter of Acceptance from IRCON International Limited for the implementation of the Kavach system, an indigenous Automatic Train Protection (ATP) technology. The awarded project covers the Bangalore and Mysore divisions of South Western Railway.
The contract includes the provision of Kavach across 85 railway stations, covering a total route length of 778 kilometers and installation on two locomotives. The total contract value is Rs. 101.55 crores, inclusive of 18% GST. The project is expected to be completed within a period of 18 months.
This order adds to HBL Engineering's growing order book, which now stands at Rs. 3,865.43 crores. The contract is domestic in nature, and there is no involvement or interest from the company's promoters, promoter group, or group companies. The transaction does not fall under the category of related party transactions and has been executed on an arm's length basis.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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