5 days ago
HBL Engineering shares jump 3% after securing Rs 132.95 crore kavach contract from South Central Railway
By Aman Shukla Published on June 16, 2025, 09:24 IST
Shares of HBL Power Systems Ltd (HBL Engineering) rose over 3% in morning trade on June 16 after the company received a significant Letter of Acceptance (LoA) from South Central Railway for implementing the Kavach Automatic Train Protection (ATP) system. As of 9:23 AM, the shares were trading 3.54% higter at Rs 610.25.
The contract, worth ₹132.95 crore (inclusive of 18% GST), involves the rollout of Kavach across 48 railway stations, 10 locomotives, and a track span of 446 kilometers on the Vijayawada–Ballarshah section, one of the busiest corridors in India. The project timeline is set at 18 months from the commencement date.
Kavach, developed under the Make in India initiative, is a critical safety technology that helps prevent train collisions by automatically applying brakes in case of signal violations or emergencies. This award supports Indian Railways' broader goal of modernizing safety systems across its network.
The company clarified that the transaction is not a related party transaction and that promoters or promoter group entities have no interest in the awarding authority.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
