HBL Engineering Secures Rs.83.81 Crore Order from Patiala Loco Works
Filing Summary
HBL Engineering Ltd has secured an order valued at Rs.83.81 Crores, inclusive of 18% GST, from Patiala Loco Works, Punjab. The order involves the supply, testing, and commissioning of on-board Kavach equipment, Version 4.0. The contract is scheduled for completion by April 15, 2027. This transaction does not involve any related party interests. HBL Engineering, formerly known as HBL Power Systems Limited, continues to focus on delivering advanced engineering solutions.
HBL Engineering Ltd has accepted an order worth Rs.83.81 Crores from Patiala Loco Works (PLW), Punjab. The order includes the supply, testing, and commissioning of on-board Kavach equipment, Version 4.0. The total value is inclusive of 18% GST.
The contract specifies that the work must be completed by April 15, 2027. This order is awarded to a domestic entity, and there are no related party transactions involved. None of the promoters of HBL Engineering have any interest in the transaction.
The order from PLW is part of HBL Engineering’s ongoing efforts to provide advanced engineering solutions. The company is responsible for ensuring the successful delivery and implementation of the Kavach equipment as per the contract terms.
Patiala Loco Works is a significant entity in the railway sector, focusing on the maintenance and manufacturing of locomotives. The collaboration with HBL Engineering is aimed at enhancing the safety and efficiency of railway operations through the implementation of advanced on-board equipment.
HBL Engineering Ltd, formerly known as HBL Power Systems Limited, specializes in providing engineering solutions across various sectors. The company is committed to delivering high-quality products and services, focusing on innovation and technological advancement in its offerings.