Shares of HBL Engineering Ltd soared 4% on Tuesday, 12 August, after the company announced securing a Letter of Acceptance (LoA) from the West Central Railway. 

As a part of the order, HBL Engineering will survey, design, supply, install, test, and commission trackside KAVACH equipment at stations and level crossing (LC) gates in the Kota-Ruthiyai and Sogaria-Kota “C” sections (166 route kilometers) of the Kota division, West Central Railway, including the installation of towers and other related works.

The project is anticipated to cost Rs 54.12 crore and needs to be finished within 700 days.

The filing added, “We would like to inform the stakeholders that the West Central Railway has issued letter of acceptance to HBL 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 business set Friday, 12 September 2025, as the record date for determining shareholders’ eligibility for e-voting and receiving dividends, if declared by members at the upcoming annual general meeting.

Earlier, on 24 May 2025, the board recommended a dividend of Rs 1 per fully paid-up equity share for the fiscal year ending 31 March 2025.

At 12:20 pm, the shares of HBL Engineering were trading 3.31% higher at Rs 706.60 on NSE. 

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