HBL Engineering Shares Rally 4% on Securing a KAVACH Order 

HBL Engineering Limited shares climbed nearly 4% on Wednesday, 11 February, after the company announced that it has secured a Letter of Acceptance (LoA) from Banaras Locomotive Works to supply, test, and commission on-board KAVACH equipment.

The Rs 800.36 crore order, which includes 18% GST, covers KAVACH Version 4.0—the indigenous automatic train protection system that Indian Railways is deploying across its network.

In a regulatory filing, the company confirmed that it will execute the contract within 12 months.

KAVACH plays a critical role in enhancing railway safety, and this latest win further strengthens HBL Engineering’s foothold in railway safety and signalling solutions, which is a segment gaining strong momentum amid higher railway capital expenditure.

Previously known as HBL Power Systems, HBL Engineering operates across defence, railways, and industrial electronics, with KAVACH emerging as a major growth driver in recent order inflows.

The company supplies advanced battery and engineering solutions to system integrators, EPC (engineering, procurement and construction) firms, and clients in the railway, aviation, and defence sectors worldwide.

At 1:34 pm, the shares of HBL Engineering were trading 1.14% higher at Rs 789.25 on NSE. 

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