Shares of HBL Engineering Ltd skyrocketed 10% on Wednesday, 14 Might, after the enterprise revealed that the Analysis Designs and Requirements Organisation (RDSO) had accepted Model 4.0 of its Kavach system.
HBL Engineering is the primary Indian firm to have acquired this approval, in response to a regulatory submitting.
The corporate can now start supply of Kavach System Model 4.0 in opposition to a complete order guide of Rs 3,763.83 crore. These contracts are set to be accomplished inside 24 months.
HBL Engineering, together with KEC Worldwide, Kernex Microsystems, RailTel, and Siemens, is likely one of the few firms that fulfil Kavach orders for Indian Railways.
The RDSO, in collaboration with Indian business companions, developed Kavach, a classy security system aimed toward stopping prepare crashes and bettering railway safety.
At 12:51 pm, the shares of HBL Engineering have been buying and selling 10.02% increased at Rs 557.30 on NSE.
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