HBL Power Systems has Received Order Worth ₹1,522.4 Crore

HBL Engineering Limited, formerly known as HBL Power Systems Limited, has secured a significant order valued at ₹1,522.40 crore (plus applicable taxes). The order, received from Chittaranjan Locomotive Works, pertains to the supply, installation, and commissioning of the Train Collision Avoidance System (TCAS), also branded as “KAVACH.” This deal represents a substantial milestone in enhancing locomotive safety in India, emphasising domestic expertise and technological advancement.

The Scope of the Order

The awarded contract includes equipping 2,200 locomotives with the TCAS system. HBL Engineering will handle all aspects, from supply to commissioning, ensuring the project is completed within 12 months of the purchase order’s issuance. TCAS, known for its role in preventing train collisions, underscores the importance of adopting cutting-edge technologies in rail safety. This large-scale implementation reflects the growing focus on passenger safety and operational efficiency in Indian Railways.

Company Transition and Project Significance

HBL Engineering, having undergone a name change from HBL Power Systems Limited in November 2024, continues to showcase its commitment to engineering excellence. The transition underscores its broader focus on advanced engineering solutions. The absence of related party interests further emphasises the arms-length nature of the transaction, ensuring transparency and corporate governance compliance.

HBL Power Systems Share Performance

As of December 16, 2024, 1:51 PM, the shares of HBL Power Systems are trading at ₹708.95 per share with a surge of 2.08% from its previous day’s closing price. Over the last month, the stock has seen a surge of 30.08%. While over the year the stock has surged by 16.50% the stock has a 52-week high and 52-week low of ₹739.65 per share and ₹376.05 per share respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.