Shares of HBL Engineering Ltd skyrocketed 10% on Wednesday, 14 May, after the business revealed that the Research Designs and Standards Organisation (RDSO) had approved Version 4.0 of its Kavach system.

HBL Engineering is the first Indian company to have received this approval, according to a regulatory filing.

The company can now begin delivery of Kavach System Version 4.0 against a total order book of Rs 3,763.83 crore. These contracts are set to be completed within 24 months.

HBL Engineering, along with KEC International, Kernex Microsystems, RailTel, and Siemens, is one of the few companies that fulfil Kavach orders for Indian Railways.

The RDSO, in collaboration with Indian industry partners, developed Kavach, a sophisticated safety system aimed at preventing train crashes and improving railway security.

At 12:51 pm, the shares of HBL Engineering were trading 10.02% higher at Rs 557.30 on NSE.

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