HBL Engineering Limited witnessed a 3% surge in morning trade after securing a significant order from Western Railway for the deployment of the Kavach system — an advanced train collision avoidance technology. As of 10:12 AM, the shares were trading 2.95% higher at Rs 496.20.
The Letter of Acceptance from Western Railway confirms the implementation of the Kavach system across 48 stations, covering a stretch of 428 kilometers. The total project value stands at Rs. 145.83 crore, inclusive of 18% GST. The contract outlines a completion period of 730 days, reinforcing a clear execution timeline for HBL Engineering.
This railway safety contract strengthens HBL Engineering’s leadership in delivering indigenous technological solutions for critical infrastructure. Kavach, a flagship project under the Indian Railways’ safety modernization plan, is designed to enhance train safety by preventing collisions and enabling automatic braking.
HBL Engineering shares opened at ₹486.55, reaching a high of ₹496.75 and a low of ₹480.00 during the trading session. The stock remains well below its 52-week high of ₹739.65 but stays above its 52-week low of ₹405.00.
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