Shares of HBL Engineering Ltd surged 8.24% to ₹511.45 in Monday’s early trade following the company’s announcement of securing a significant contract from Central Railway for the implementation of Kavach, an advanced train protection system. The order includes five letters of acceptance covering 413 stations and a total track length of 3,900 kilometers, with a cumulative contract value of ₹762.56 crore inclusive of GST. The contracts are to be executed within 18 months, adding momentum to the company’s growing leadership in railway safety and signaling.
With this development, HBL Engineering’s total order value under Kavach in the ongoing financial year has reached ₹3,618 crore. The company, formerly known as HBL Power Systems Limited, has consistently demonstrated its expertise in railway infrastructure, and this latest contract strengthens its presence in critical safety systems for Indian Railways.
As per regulatory filings, the transaction does not involve related parties, and no promoter interest is attached, indicating robust governance and transparency. At the time of reporting, HBL Engineering had a market cap of ₹141.56 billion, a P/E ratio of 45.25, and was trading within a day range of ₹490.55 to ₹515.00.
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