Rs 3,865.43 Crore Order Book: Railway Kavach Company Bags Rs 101,55,00,000 Order from IRCON International Ltd
The stock gave multibagger returns of 585 per cent in 3 years and a whopping 4,740 per cent in 5 years.
On Tuesday, shares of HBL Engineering Limited (formerly known as HBL Power Systems Ltd) zoomed 1.6 per cent to Rs 563.90 per share from its previous closing of Rs 555.10 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.
HBL Engineering Limited, formerly HBL Power Systems Limited, has received a significant domestic Letter of Acceptance (LOA) from IRCON International Limited for the provision of Kavach in the Bangalore and Mysore divisions of South Western Railway. This contract, valued at Rs 101.55 crore (inclusive of 18% GST), covers 85 stations, 2 locomotives, and 778 kilometres, with a completion timeline of 18 months. This new order contributes to HBL's accumulated order book, which now stands at Rs 3,865.43 crore.
Additionally, the company received approval from the Research Designs and Standard Organization (RDSO) for Version 4.0 of the Kavach Systems. HBL is the first Company to receive this approval. HBL can begin deliveries of Kavach System (Version 4.0). These contracts will be completed within 24 months.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
About the Company
HBL Engineering Ltd., established in 1983, has cemented its position as a leading innovator in the power systems industry, achieving significant global market share, notably holding the second position in industrial nickel batteries and the third in India's VRLA lead batteries, while uniquely manufacturing PLT lead batteries in the nation. 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 15,000 crore and has delivered a good profit growth of 66.1 per cent CAGR over the last 5 years. The stock gave multibagger returns of 585 per cent in 3 years and a whopping 4,740 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.