HBL Engineering Limited — New Orders, 14-12-2024: Awarding of order(s)/contract(s)

An order valued at Rs. 1,522.40 Crores has been awarded to HBL Engineering Limited (formerly HBL Power Systems Limited) by Chittaranjan Locomotive Works. The order involves the supply, installation, and commissioning of on-Board Train Collision Avoidance System (KAVACH) equipment for 2,200 locomotives. Completion is expected within 12 months from the issuance of the purchase order. Notably, this transaction does not involve any interests from promoters or related party transactions, indicating a clean handoff and potential for robust operational integrity. This substantial order boosts HBL's position in the railway equipment sector and is a positive development for the company’s outlook, suggesting opportunities for growth in this niche market.