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HBL Engineering Limited Secures Rs. 410 Crore Order for Kavach Installation with Shivakriti International

HBL Engineering and Shivakriti International Secure Rs. 410 Crore Kavach Order from Western Railway

HBL Engineering Limited, in partnership with Shivakriti International, has secured a significant order from the Ahmedabad Division of Western Railway. Below are the key details of the order:

  • Consortium: The order was awarded to the HBL-Shivakriti Consortium, with HBL Engineering Limited (formerly known as HBL Power Systems Limited) leading the consortium.
  • Customer: The order is from the Ahmedabad Division of Western Railway.
  • Nature of the Order: The project involves the supply and installation of way-side Kavach on the Ahmedabad-Palanpur and Ahmedabad-Samakhiyali sections of the Ahmedabad Division of Western Railway, covering a total of 402 kilometers.
  • Order Value: The total order value is Rs. 410.42 Crores, including GST at 18%.
  • Type of Entity: This is a domestic order.
  • Completion Timeline: The project must be completed within 730 days from the date of the purchase order.
  • Interest Disclosure: There is no interest from the promoters or promoter group companies in the awarding entity.
  • Related Party Transaction: This is not considered a related party transaction.
  • Regulatory Compliance: The disclosure is made in compliance with Regulation 30 of the SEBI Listing Regulations.

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