Shares of HBL Engineering Ltd had been buying and selling 2% greater on 28 Might after the corporate introduced securing an order price Rs 101.55 crore from IRCON Worldwide.
In an alternate submitting, HBL Engineering mentioned, “IRCON Worldwide has issued letter of acceptances to HBL for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, throughout 85 stations overlaying 778 Kms and a couple of (Two) locomotives.”
In line with the deal, the corporate will probably be answerable for 85 stations spanning 778 kilometres and two (two) locomotives. In line with the submitting, the deal would final 18 months.
Furthermore, in keeping with its regulatory submitting, HBL Engineering has a complete order guide of Rs 3,865.43 crore.
HBL Engineering Restricted, initially HBL Energy Techniques Restricted, is an Indian engineering firm that focuses on batteries, energy electronics, and spun concrete merchandise.
In November 2024, the company modified to raised showcase its engineering strengths past energy programs.
About HBL Engineering Ltd
HBL Engineering was based in 1988 as a three way partnership between A J Prasad and Nife, Sweden, and has developed to change into a distinguished participant in India’s high-technology and engineering-intensive sectors, serving a variety of industries, together with defence, aviation, railways, and telecommunications.
The corporate’s main enterprise sectors embody superior battery manufacturing (lead-acid, nickel-cadmium, silver-zinc, and lithium variations), in addition to cutting-edge energy electronics and railway signalling options.
The corporate can also be energetic within the development sector by means of its spun concrete merchandise and has superior its presence in electrical mobility by growing electrical drivetrain kits and EV charging options.
At 11:32 am, the shares of HBL Engineering had been buying and selling 1.48% greater at Rs 572.35 on NSE.
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