HBL Eng makes news

HBL Engineering is in news today after it announced that it has become the first company to receive approval from the Research Designs and Standards Organisation (RDSO) for Version 4.0 of its Kavach System — a key step forward in railway safety technology.

With this milestone, HBL is now authorized to begin deliveries against its accumulated order book worth Rs. 3,764 crore. The execution of these contracts is scheduled to be completed over the next 24 months. The size of the order book gives HBL a clear line of sight into revenue for the next 2 years.

This approval further strengthens HBL’s leadership in indigenous railway safety systems and marks a significant achievement in the implementation of advanced train protection systems across India.

The market is very happy with this development with more buyers than sellers on the counter; though it opened status quo, it soon rose almost 11% to hit an intraday high at Rs.560.10. Its 52-week high is at Rs.738.65 and low at Rs.404.30.