HBL Engineering soars on getting LoA from IRCON International
HBL Engineering is currently trading at Rs. 574.25, up by 10.35 points or 1.84% from its previous closing of Rs. 563.90 on the BSE.
The scrip opened at Rs. 572.10 and has touched a high and low of Rs. 578.60 and Rs. 569.15 respectively. So far 22829 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 738.65 on 16-Dec-2024 and a 52 week low of Rs. 404.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 586.95 and Rs. 542.20 respectively. The current market cap of the company is Rs. 15913.76 crore.
The promoters holding in the company stood at 59.11%, while Institutions and Non-Institutions held 5.19% and 35.70% respectively.
HBL Engineering has received a Letter of Acceptance (LoA) from IRCON International. The LoA is for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 Kms and 2 locomotives. The total value of the contract is Rs 101.55 crore (inclusive of 18% GST). The said contract has to be completed in 18 months.
HBL Engineering (formerly 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.
