IRCON awards LoA to HBL engineering for KAVACH provision
HBL Engineering Limited, formerly HBL Power Systems, specializes in designing, developing, and manufacturing batteries, e-mobility solutions, and other related products.
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Railway PSU IRCON International has issued a letter of acceptance to HBL Engineering Ltd for the provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 Kms and 2 (Two) locomotives.
The Contract has to be completed in 18 months. The total value of the contract is Rs 101.55 Crores (inclusive of 18% GST).
HBL Engineering Limited, formerly HBL Power Systems, specializes in designing, developing, and manufacturing batteries, e-mobility solutions, and other related products.
They operate across segments including industrial batteries, defence and aviation, and electronics. In addition to manufacturing, they also provide service and support for their products.
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Shares of HBL Engineering Ltd are trading higher by 1.33% at Rs 571.50 at the BSE.
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