HBL Engineering Limited has announced the acceptance of a substantial order valued at ₹31.49 Crores (excluding GST) from Integral Coach Factory (ICF), Chennai. The contract encompasses the supply, installation, testing, and commissioning of ‘On-board KAVACH Loco equipment (Ver.4.0)’. This significant order underscores HBL’s role in advancing railway safety technology and is expected to be completed by March 31, 2028.
Significant Order Secured by HBL Engineering
HBL Engineering Limited (formerly HBL Power Systems Limited) has announced a key business development, having accepted an order worth ₹31.49 Crores from the Integral Coach Factory (ICF), Chennai. This figure excludes the applicable 18% Goods and Services Tax (GST).
Scope of the Contract
The order specifically pertains to the supply, installation, testing, and commissioning of ‘On-board KAVACH Loco equipment (Ver.4.0)’. The KAVACH system is a critical safety technology for Indian Railways, aimed at preventing accidents.
Contractual Details and Timeline
The broad commercial consideration for this contract is the aforementioned ₹31.49 Crores. The significant terms and conditions include the completion of the contract by March 31, 2028. The company also confirmed that none of its promoters or promoter group companies have any interest in ICF, and the transaction does not fall under the Related Party Transaction category, ensuring it is conducted at arm’s length.
Source: BSE
