HBL Engineering Wins ₹24 Crore ICF KAVACH Contract

Contract Details

HBL Engineering Limited has accepted an order worth ₹24 Crores (excluding 18% GST) from Integral Coach Factory (ICF), Chennai.

Scope of Work

The contract involves Supply, installation, testing and commissioning of On-board KAVACH Loco equipment (Version 4.0).

Contract Value and Terms

The total value of the contract is ₹24 Crores (excluding 18% GST). The contract is domestic in nature and must be completed on or before March 31, 2028.

Commercial Considerations

• The transaction does not qualify as a Related Party Transaction
• None of the promoters have any interest in the entity to whom the contract was awarded
• The transaction is conducted at arm's length