HBL Engineering wins ₹1,714-cr Kavach order from Chittaranjan Locomotive – CNBC TV18

HBL Engineering Ltd mentioned it has obtained a letter of acceptance from Chittaranjan Locomotive Works (CLW) for the availability, set up, testing and commissioning of on-board Kavach loco gear.

The contract worth is ₹1,714 crore, excluding 18% GST, the corporate mentioned. The order is to be executed inside 12 months, in response to the submitting. HBL Engineering mentioned the scope contains provide, set up, testing and commissioning of on-board Kavach locomotive gear (Model 4.0).

Chittaranjan Locomotive Works has awarded the contract for a home challenge, and the corporate mentioned not one of the promoters has any curiosity within the transaction.

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HBL Engineering, previously generally known as HBL Energy Techniques, operates throughout defence, railways, and industrial electronics, with Kavach rising as a key development driver in current order inflows.

On Wednesday (Might 27), shares of HBL Engineering Ltd had ended at ₹815, up by ₹15.85, or 1.98%, on the BSE.