HBL Engineering Wins ₹31.49 Crore Kavach Order from Integral Coach Factory
HBL Engineering Limited has secured a new order worth ₹31.49 crore (excluding GST) from Integral Coach Factory (ICF), Chennai, further strengthening its position in India’s railway safety and signalling sector.
The company announced the order in a regulatory filing with the stock exchanges on August 3, 2026.
Order Details
Under the contract, HBL Engineering will be responsible for the supply, installation, testing, and commissioning of On-board Kavach Loco Equipment (Version 4.0) for Indian Railways.
The project forms part of the ongoing rollout of Kavach, India’s indigenous Automatic Train Protection (ATP) system, which is designed to improve railway safety by helping prevent train collisions and enhancing operational efficiency.
The contract has been awarded by Integral Coach Factory (ICF), Chennai, one of Indian Railways’ leading coach manufacturing units.
Contract Value and Timeline
The order is valued at ₹31.49 crore, excluding 18% GST.
According to the company, the project is scheduled to be completed on or before March 31, 2028.
Growing Opportunity in Railway Safety
The latest order adds to HBL Engineering’s growing presence in the railway technology segment. As Indian Railways continues to expand the deployment of the Kavach system across its network, companies involved in signalling and train protection technologies are expected to benefit from increased investment.
Kavach is a key part of the government’s railway modernization programme and is being installed on locomotives and railway routes to improve passenger safety, reduce accidents, and enhance train operations.
What is Kavach?
Kavach is an indigenously developed train protection system approved by the Research Designs and Standards Organisation (RDSO). The technology continuously monitors train movement and can automatically apply brakes if a train exceeds speed limits or faces the risk of a collision.
The system is considered one of the most important safety initiatives undertaken by Indian Railways in recent years.
Corporate Governance
HBL Engineering stated that:
The order has been awarded by a domestic entity.
The company’s promoters and promoter group have no interest in the awarding entity.
The contract is not a related party transaction.
The ₹31.49 crore order further strengthens HBL Engineering’s order book and highlights the company’s growing role in India’s railway safety infrastructure. With Indian Railways accelerating the deployment of Kavach across the country, HBL Engineering is well positioned to benefit from future opportunities in this high-growth segment.
The order also reflects the company’s expertise in delivering advanced railway safety solutions and reinforces its contribution to the modernization of India’s rail network.