HBL Engineering Limited has announced a significant new contract win from Patiala Loco Works (PLW), Punjab. The order, valued at Rs 83.81 crore (inclusive of 18% GST), involves the supply, testing, and commissioning of advanced On-board KAVACH equipment (Ver.4.0). This project strengthens the company’s commitment to enhancing rail safety technology and is slated for completion by April 15, 2027.
Strategic Order for Rail Safety
HBL Engineering Limited has solidified its role in India’s rail safety infrastructure by securing a domestic order from Patiala Loco Works (PLW). The contract covers the comprehensive delivery of On-board KAVACH equipment (Ver.4.0), which is critical for modernizing train protection systems. The total contract value is confirmed at Rs 83.81 crore, reinforcing the company’s position as a key technology provider for the railway sector.
Execution and Project Timeline
The company is tasked with the complete lifecycle of the project, including the supply, testing, and commissioning of the KAVACH units. According to the disclosure, the project is scheduled to be completed on or before April 15, 2027. This timeline provides clear revenue visibility for the company over the coming fiscal years as it executes this significant domestic assignment.
Governance and Transparency
HBL Engineering has confirmed that the order is a standard commercial transaction with no involvement from its promoter group. The company maintains that the deal does not fall under the category of related party transactions and is being conducted at arms-length, ensuring full transparency in the procurement process.
Source: BSE
