Rs 3,865.43 Crore Order Book: Railway KAVACH Company Bags Rs 132.95 Crore Major Railway Contract for KAVACH System
The stock gave multibagger returns of 585 per cent in 3 years and a whopping 4,740 per cent in 5 years.
HBL Engineering Limited (formerly HBL Power Systems Limited) has announced that it has secured a significant contract from the South Central Railway for the provision of the Kavach system. The letter of acceptance was issued to HBL Engineering for the implementation of Kavach across the Vijayawada-Ballarshah section.
The contract is valued at Rs 132.95 Crores, inclusive of an 18 per cent Goods and Services Tax (GST). This project encompasses the installation of the Kavach system across a total of 48 stations and 446 kilometres of track, and will also involve 10 locomotives in the specified section. The company is required to complete the entire contract within a timeframe of 18 months. HBL Engineering also stated that their total accumulated order book now stands at Rs 3,998.38 Crores.
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.