HBL Engineering zooms on securing five letter of acceptances from Central Railway
HBL Engineering is currently trading at Rs. 519.50, up by 47.35 points or 10.03% from its previous closing of Rs. 472.15 on the BSE.
The scrip opened at Rs. 492.90 and has touched a high and low of Rs. 530.75 and Rs. 491.25 respectively. So far 952295 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. 530.75 and Rs. 454.65 respectively. The current market cap of the company is Rs. 14448.79 crore.
The promoters holding in the company stood at 59.11%, while Institutions and Non-Institutions held 5.61% and 35.28% respectively.
HBL Engineering has received five letter of acceptances from Central Railway. The total value of all the five contracts is Rs 762.56 crore (inclusive of 18% GST). Each of the contracts has to be completed in 18 months. The company has received letter of acceptances for the provision of Kavach across 413 stations, covering 3,900 kms.
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.
