Auto ancillary stock jumps 3% after receiving order worth ₹148.44 Cr for KAVACH system
News by Aliceblue News Desk
04 Mar 2025
Introduction:
Auto ancillary stock has secured a ₹148.44 crore contract from West Central Railway for implementing KAVACH safety technology. The project, covering multiple railway sections, enhances signal automation and rail safety, reinforcing the company’s role in modernizing India’s railway infrastructure.
Share Price movement of HBL Engineering:
On March 4, 2025, HBL Engineering Ltd opened at ₹419.95, reaching a high of ₹444.60, up 3% from its previous close of ₹424.40, and a low of ₹414.55. The stock closed at ₹435.00, with a market cap of ₹12,057.98 crore.
HBL Engineering received new order:
HBL Engineering Limited, as the lead member of the HBL-Shivakriti Consortium, has received a Letter of Acceptance from the Bhopal Division of West Central Railway for a ₹148.44 crore order. The contract involves provision of KAVACH in multiple railway sections, ensuring enhanced rail safety.
The order is a domestic contract and must be completed within 540 days. It covers the Bina-Itarsi-Jujharpur section, BPL-SHRN section, and UP & DN flyover track from Jujharpur to Powarkheda, enhancing railway signal safety and automation across critical routes.
The promoters have no interest in the transaction, and the deal does not fall under Related Party Transactions. This contract strengthens HBL Engineering’s role in railway safety technology, reinforcing its commitment to modernizing India’s railway infrastructure.
Recent news About HBL Engineering:
Significant Order Acquisition: HBL Engineering secured a substantial order worth ₹410.42 crore, reflecting its ongoing efforts to expand its project portfolio.
Stock performance of HBL Engineering for Period of 1 week, 6 months and 1 year:
HBL Engineering’s stock declined 8.45% over the past week, reflecting short-term volatility. Over six months, it saw a 32.2% drop, indicating sustained market pressure. The one-year performance showed a 16.9% decline, highlighting ongoing challenges affecting investor confidence in the auto ancillary sector.
Shareholding pattern of HBL Engineering:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 59.11 | 59.11 | 59.11 |
| FII | 5.22 | 4.91 | 4.66 |
| DII | 0.39 | 0.96 | 1.07 |
| Retail & others | 35.27 | 35.03 | 35.17 |
About HBL Engineering:
HBL Engineering is a leading auto ancillary company specializing in railway safety systems, power electronics, and defense solutions. With expertise in signal automation and KAVACH technology, it plays a crucial role in modernizing India’s railway infrastructure and enhancing operational safety.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
News Author
Aliceblue News Desk
