HBL Engineering shares rise on ₹800 crore KAVACH order win
pre-market1 source ↓written by the desknot a recommendation
- following the receipt
- 4%
- KAVACH order
- ₹800.36 crore
- which includes
- 18% GST
- be executed
- 12 months
Shares of HBL Engineering rose nearly 4% following the receipt of a Letter of Acceptance from Banaras Locomotive Works for the ₹800.36 crore KAVACH order. This contract, which includes 18% GST, involves the supply and commissioning of an automatic train protection system to be executed within 12 months. This win enhances HBL's position in railway safety solutions amid increased capex in the sector.
Not investment advice. For informational purposes only.