Shares of HBL Engineering Ltd were trading 2% higher on 28 May after the company announced securing an order worth Rs 101.55 crore from IRCON International. 

In an exchange filing, HBL Engineering said, “IRCON International has issued letter of acceptances to HBL for provision of the Kavach in Bangalore and Mysore divisions of South Western Railway, across 85 stations covering 778 Kms and 2 (Two) locomotives.”

According to the deal, the company will be in charge of 85 stations spanning 778 kilometres and two (two) locomotives. According to the filing, the deal would last 18 months. 

Moreover, according to its regulatory filing, HBL Engineering has a total order book of Rs 3,865.43 crore. 

HBL Engineering Limited, originally HBL Power Systems Limited, is an Indian engineering company that specializes in batteries, power electronics, and spun concrete products. 

In November 2024, the corporation changed to better showcase its engineering strengths beyond power systems.

About HBL Engineering Ltd

HBL Engineering was founded in 1988 as a joint venture between A J Prasad and Nife, Sweden, and has developed to become a prominent participant in India’s high-technology and engineering-intensive sectors, serving a wide range of industries, including defence, aviation, railways, and telecommunications.

The company’s major business sectors include advanced battery production (lead-acid, nickel-cadmium, silver-zinc, and lithium variations), as well as cutting-edge power electronics and railway signalling solutions. 

The company is also active in the construction sector through its spun concrete products and has advanced its presence in electric mobility by developing electric drivetrain kits and EV charging solutions.

At 11:32 am, the shares of HBL Engineering were trading 1.48% higher at Rs 572.35 on NSE.

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