Latest news with #HBLEngineeringLimited
Business Upturn
27-05-2025
- Business
- Business Upturn
HBL Engineering wins Rs 101.55 crore Kavach contract from IRCON
By Aman Shukla Published on May 27, 2025, 16:34 IST 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
Business Upturn
01-05-2025
- Business
- Business Upturn
HBL Engineering secures Rs 145.83 crore contract from Western Railway
HBL Engineering has recently informed exchanges that the company received a Letter of Acceptance from the Western Railway for the provision of the Kavach system across various locations. The contract involves the installation of the Kavach system across 48 stations, covering a total distance of 428 kilometers. This project is valued at Rs. 145.83 crores, which includes an 18% GST. The contract stipulates a completion time of 730 days, offering a clear timeline for HBL Engineering to deliver the project. This award highlights the company's capabilities in railway safety and technological solutions, specifically in the implementation of Kavach, a train collision avoidance system. This order has been granted to HBL Engineering Limited, a domestic entity, with no involvement of international parties. The terms of the contract are straightforward, with no specific stipulations or complexities beyond the agreed timelines and financials. There are no related party transactions involved in this contract. The promoters of HBL Engineering do not have any direct interest in the transaction, ensuring a transparent process. Additionally, the contract is not classified as a related party transaction, confirming that it is conducted at arm's length. 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
