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

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.