HBL Engineering Limited has received a Letter of Acceptance from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver. 4.0). The contract carries a total value of Rs 1,714 crore, excluding 18% GST. The letter of acceptance was issued on May 28, 2026.
The order is classified as a domestic contract with a completion period of 12 months. HBL Engineering will be responsible for the full project scope covering supply, installation, testing, and commissioning of the onboard KAVACH system for locomotives.
KAVACH is an indigenously developed automatic train protection system that applies brakes automatically when a locomotive passes a red signal or approaches another train on the same line, preventing collisions. The system is being deployed across Indian Railways as part of the national safety modernization program. The Ver. 4.0 equipment represents the latest generation of this technology.
No promoter, promoter group entity, or group company of HBL Engineering has any interest in Chittaranjan Locomotive Works. The transaction does not fall under the Related Party Transaction category.
HBL Engineering Limited, headquartered in Hyderabad, is listed on the National Stock Exchange under the symbol HBLENGINE and on the BSE under scrip code 517271. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.