HBL Power Systems rises on entering into contract with Ashoka Buildcon
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is currently trading at Rs. 153.05, up by 1.00 points or 0.66% from its previous closing of Rs. 152.05 on the BSE.
The scrip opened at Rs. 152.20 and has touched a high and low of Rs. 155.80 and Rs. 150.75 respectively. So far 233801 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 156.90 on 21-Jun-2023 and a 52 week low of Rs. 74.15 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 156.90 and Rs. 144.00 respectively. The current market cap of the company is Rs. 4248.01 crore.
The promoters holding in the company stood at 59.08%, while Institutions and Non-Institutions held 0.93% and 40.00% respectively.
HBL Power Systems (HBL) has entered into a contract with Ashoka Buildcon (ABL) for supply of the Kavach part of an EPC contract won by ABL in September 2022. The company has entered into a contract on 26 June 2023.
The ABL contract with East Central Railway, is for Rs 220 crore (including GST at 18%) for deploying Kavach and OFC network over 417 km and 60 locomotives, between Pradhankhunta in Jharkhand and Deen Dayal Upadhyay station in Uttar Pradesh. The ABL contract with HBL is for Rs 135 crore (including GST of 18%). This includes the supply and commissioning of all equipment involved in the Kavach system requiring RDSO approval. The delivery and commissioning is to be completed in 18 months.
HBL Power Systems is the pioneer in the design, development and manufacture of specialized batteries and DC systems in India. It has more than 30 years of experience in the field of specialized batteries and DC power systems.
