CMP: ₹564.00 | New Order Win: ₹101.55 Cr | Total Order Book: ₹3,865.43 Cr | Sector: Railway Signaling (Kavach)
🛡️ At a Glance
HBL Engineering Ltd(NSE: HBLENGINE) just received a Letter of Acceptance fromIRCON International Ltd, awarding a₹101.55 Cr contractfor the rollout ofKavach— India’s indigenous Automatic Train Protection (ATP) system.
The project scope spans:
- 85 stations
- 778 kms
- 2 locomotives
- 18-month deadline
That’s a serious trust signal from Indian Railways — and a tech-heavy validation of HBL’s execution capabilities.
📦 Deal Details
| 📌 Detail | 📊 Description |
|---|---|
| Client | IRCON International Ltd (Govt of India undertaking) |
| Sector | Railway Signaling & Safety (South Western Railway) |
| Scope | Kavach system deployment on 85 stations, 778 kms |
| Locomotives Covered | 2 |
| Order Value | ₹101.55 Cr (incl. 18% GST) |
| Execution Timeline | 18 months |
| Related Party Involvement | ❌ None |
| Region | Bangalore & Mysore divisions |
| Order Type | Competitive tender |
🧠 EduInvesting Take
Kavach isn’t just a tech upgrade — it’s a national safety mandate. AndHBL Engineeringis now entrenched in it.
Here’s why this ₹101.55 Cr order matters:
- 🛤️Government Mandated Safety Infra: Every major railway corridor is expected to be covered under Kavach in the next 5 years. This is just the beginning.
- 📈Revenue Visibility: HBL’sorder book now stands at ₹3,865.43 Cr— almost7x their FY24 revenue(est.).
- 💼Strategic Lock-in: With presence in 85 stations under this one contract, HBL becomes a go-to player for
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