Rs 4,083.17 crore order book: Railway Kavach company receives order worth Rs 54,12,00,000 from West Central Railway

On Tuesday, shares of HBL Engineering Limited (formerly known as HBL Power Systems Ltd) zoomed 4.4 per cent to Rs 713.40 per share from its previous closing of Rs 683.55 per share. The stock’s 52-week high is Rs 738.65 per share and its 52-week low is Rs 404.30 per share. The company's shares saw a surge in volume by more than three times on the BSE.

HBL Engineering Limited received a significant domestic order worth Rs 54.12 crore (inclusive of 18 per cent GST) from West Central Railway. This contract involves the comprehensive survey, design, supply, installation, testing, and commissioning of trackside KAVACH equipment at 18 stations and LC Gate locations, including tower erection, across the Kota-Ruthiyai section and Sogaria-Kota "C" Section (166 Rkm) of the Kota division. The project is a crucial step in enhancing railway safety and is slated for completion within 700 days.

Earlier, the company received a Letter of Acceptance from South Central Railway for the upgradation of Kavach Version 3.2 to Version 4.0. This significant domestic contract, valued at Rs 30.67 crore (inclusive of 18 per cent GST), involves upgrading 350 Kms of railway track in the Mudkhed (Including) - Manmad (Excluding) Section. The project is on a turnkey basis and is expected to be completed within 24 months

About the Company

HBL Engineering Ltd., established in 1983, has solidified its position as a leading innovator in the power systems industry, achieving a significant global market share. Notably, it holds the second position in industrial nickel batteries and the third position in India's VRLA lead batteries, while also uniquely manufacturing PLT lead batteries in the country. The company's diversified portfolio spans industrial batteries, powering sectors like telecom and oil and gas, with products utilised in Vande Bharat trains and by global entities such as Siemens and Hitachi. Further, their defence and aviation segment provides critical power solutions for military applications, and the electronics division develops cutting-edge technologies like TCAS and TMS, alongside their push into electric mobility with drive trains for heavy-duty trucks, demonstrating a commitment to both technological advancement and sustainable solutions.

The company has a market cap of over Rs 19,000 crore and has delivered a good profit growth of 65 per cent CAGR over the last 5 years. The stock gave multibagger returns of 760 per cent in 3 years and a whopping 4,315 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.