&w=3840&q=100)
₹102-crore order lifts HBL Engineering share price 3%; key details inside
HBL Engineering share price: Battery and engineering solutions and services provider HBL Engineering shares rose up to 2.65 per cent to hit an intraday high of ₹579 per share.
At 9:51 AM, HBL Engineering share price was trading 1.77 per cent higher at ₹574 per share. In comparison, Nifty50 was trading 0.21 per cent lower at 24,772.85 level.
Why did HBL Engineering share price rise in trade today?
HBL Engineering share price rose after the company announced that it has secured an order worth ₹101.55 crore from IRCON International.
In an exchange filing, HBL Engineering said, 'IRCON International has issued letter of acceptances to HBL for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 Kms and 2 (Two) locomotives.'
According to the order details, the company will be responsible for 85 stations, covering 778 Kms and 2 (two) locomotives.
The company said that the time allotted to complete the contract is 18 months.
HBL Engineering Q4 results
HBL Engineering reported a 44 per cent year-on-year (Y-o-Y) decline in consolidated net profit for the fourth quarter ended March 2025 (Q4FY25), coming in at ₹45 crore compared to ₹81 crore in the same period last year.
Revenue from operations also saw a sharp drop, falling 22 per cent Y-o-Y to ₹475.57 crore from ₹610.08 crore in Q4FY24.
About HBL Engineering
HBL Engineering Limited, formerly known as HBL Power Systems Limited, is a diversified Indian engineering company with a strong focus on specialised batteries, power electronics, and spun concrete products.
The company rebranded in November 2024 to reflect its broader engineering capabilities beyond power systems. ALSO READ |
Founded in 1988 as a joint venture between A J Prasad and Nife, Sweden, HBL Engineering has grown into a key player in India's high-technology and engineering-intensive sectors, serving a wide array of industries including defense, aviation, railways, and telecommunications.
The company's core business segments include the manufacturing of advanced batteries—such as lead-acid, nickel-cadmium, silver-zinc, and lithium variants—alongside cutting-edge power electronics and railway signaling solutions.
HBL is also active in the construction sector through its spun concrete products and has made strides in electric mobility with electric drivetrain kits and EV chargers.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
DGCA audit finds violations by Turkish Airlines
India's aviation regulator Directorate General of Civil Aviation has identified multiple safety and compliance violations by Turkish Airlines during a recent series of inspections at major Indian airports, raising concerns over the airline's adherence to international and domestic aviation standards. The audit comes amidst scanner on Turkish companies following the country's support to Pakistan during the recent geopolitical conflict. DGCA said that it conducted Safety Oversight and Ramp inspections of Turkish Airlines' passenger and cargo flights at Delhi, Hyderabad, Chennai, and Bengaluru between May 29 and June 2. It found multiple deficiencies like at Bengaluru Airport, inspectors discovered that a marshaller—a ground staff member responsible for directing aircraft during taxiing—was operating without proper authorization or a valid competency card. Such credentials are mandatory under Indian aviation regulations to ensure the safe movement of aircraft on the ground. In Hyderabad and Bengaluru, the airline's ground handling agent, Globe Ground India , was found to be operating without a formal Service Level Agreement (SLA) with Turkish Airlines. Essential ground equipment, including ladders, trolleys, and Ground Power Units (GPUs), lacked proper accountability and monitoring. The absence of formal handovers from the previous ground handler, Celebi , further compounded the issue. In another case, DGCA inspectors found cargo containing hazardous materials, specifically explosives, was transported without the requisite permissions from the regulator. DGCA said that it has directed Turkish Airlines to address these violations promptly and ensure full compliance with the International Civil Aviation Organization (ICAO) Standards. With worsening relations between the two countries, Turkish firms have found themselves under increased glare. In May, the government has also revoked security clearance for Turkish ground handler Celebi, DGCA last week approved an extension of IndiGo 's wet lease agreement with Turkish Airlines for three months, for operating two Boeing 777 aircraft on its Delhi and Mumbai to Istanbul after the airline submitted an undertaking to terminate the lease within this extended period.
Economic Times
44 minutes ago
- Economic Times
DGCA audit finds violations by Turkish Airlines
Reuters Representative Image India's aviation regulator Directorate General of Civil Aviation has identified multiple safety and compliance violations by Turkish Airlines during a recent series of inspections at major Indian airports, raising concerns over the airline's adherence to international and domestic aviation audit comes amidst scanner on Turkish companies following the country's support to Pakistan during the recent geopolitical said that it conducted Safety Oversight and Ramp inspections of Turkish Airlines' passenger and cargo flights at Delhi, Hyderabad, Chennai, and Bengaluru between May 29 and June found multiple deficiencies like at Bengaluru Airport, inspectors discovered that a marshaller—a ground staff member responsible for directing aircraft during taxiing—was operating without proper authorization or a valid competency card. Such credentials are mandatory under Indian aviation regulations to ensure the safe movement of aircraft on the ground. In Hyderabad and Bengaluru, the airline's ground handling agent, Globe Ground India, was found to be operating without a formal Service Level Agreement (SLA) with Turkish Airlines. Essential ground equipment, including ladders, trolleys, and Ground Power Units (GPUs), lacked proper accountability and monitoring. The absence of formal handovers from the previous ground handler, Celebi, further compounded the issue. In another case, DGCA inspectors found cargo containing hazardous materials, specifically explosives, was transported without the requisite permissions from the said that it has directed Turkish Airlines to address these violations promptly and ensure full compliance with the International Civil Aviation Organization (ICAO) worsening relations between the two countries, Turkish firms have found themselves under increased May, the government has also revoked security clearance for Turkish ground handler Celebi, DGCA last week approved an extension of IndiGo's wet lease agreement with Turkish Airlines for three months, for operating two Boeing 777 aircraft on its Delhi and Mumbai to Istanbul after the airline submitted an undertaking to terminate the lease within this extended period.
Hindustan Times
an hour ago
- Hindustan Times
Watch: When Priyanka Chaturvedi mimicked Bilawal Bhutto's ‘koun raat ke…' remark
Shiv Sena (UBT) Rajya Sabha MP Priyanka Chaturvedi took a jibe at former Pakistan foreign minister Bilawal Bhutto Zardari, mimicking his tone as she responded to his recent remarks on India's Operation Sindoor. Bhutto had questioned the timing of the operation, saying, 'Koun raat ke andhere mein hamle karte hai? Buzdil raat ke andhere mein hamla karte hai' (Who attacks in the dark? Cowards do). Responding during an address to the Indian diaspora in Belgium, Chaturvedi said, 'Let me explain what buzdil (coward) means — those who stage coups against elected governments, jail political leaders, and murder an elected prime minister to install an army general in power.' She said that the same army general who came to power began radicalisation in Pakistan, destroying what was left of the constitution and shattering Jinnah's vision. She also mocked an upcoming Pakistani delegation, saying Pakistan has kept following India even after more than 70 years since their separation. 'A delegation is coming after us, and you all know which one that is. They have been chasing us and refuse to let go. We left them in 1947, but they haven't stopped following us,' she said. 'They'll be arriving in a few days. The person leading this delegation... I say all this only to put in context what India stands for, what we need to expose, and why we are here,' Chaturvedi added. Earlier, Chaturvedi had said that while India is actively pursuing global free trade agreements, Pakistan is instead promoting what she described as a 'free terrorist arrangement' worldwide. 'We have recently concluded a free trade agreement (FTA) with the United Kingdom. We also signed one with Australia some time ago. We are preparing to finalise similar agreements with the European Union and with the United States in the near future,' she said in London, speaking as part of an all-party delegation.
