HBL Engineering surges on securing LoA from West Central Railway
HBL Engineering is currently trading at Rs. 709.50, up by 25.95 points or 3.80% from its previous closing of Rs. 683.55 on the BSE.
The scrip opened at Rs. 693.75 and has touched a high and low of Rs. 713.65 and Rs. 687.35 respectively. So far 1080248 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 713.65 and Rs. 586.10 respectively. The current market cap of the company is Rs. 19665.60 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 West Central Railway for survey, design, supply, installation, testing and commissioning of trackside KAVACH equipment at stations/LC Gates locations including erection of towers and associated works required for KAVACH in Kota - Ruthiyai section and Sogaria-Kota ‘C’ Section (166 Rkm) of Kota division of West Central Railway. The contract has to be completed within 700 days. The total value of the contract is Rs 54.12 crore (inclusive of 18% GST).
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.
