HBL Engineering Secures ₹800.36 Crore KAVACH Equipment Order from BLW
HBL Engineering Limited has been awarded a contract worth ₹800.36 Crores by Banaras Locomotive Works. The order includes supply, testing, and commissioning of On-board KAVACH equipment (Ver.4.0). The contract is expected to be completed within 12 months. This is a domestic order with no promoter interest.
The order value of ₹800.36 Crores is significant and is expected to have a material impact on the company's revenue and growth.
The company has secured a substantial new order, which is a positive development for its business.
HBL Engineering Limited (formerly HBL Power Systems Limited) has announced the receipt of a significant order from Banaras Locomotive Works (BLW).
The order is for the supply, testing, and commissioning of On-board KAVACH equipment (Ver.4.0). The total value of this contract is ₹800.36 Crores, inclusive of 18% GST.
The contract is to be completed within a period of 12 months. HBL Engineering has confirmed that none of its promoters have any interest in Banaras Locomotive Works, and the transaction does not fall under related party transactions.
This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations.
What to do with a filing like this
HBL Engineering Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by HBL Engineering Limited. Read the original for the full detail.