After securing a Rs 1,522 crore KAVACH order, HBL Power Systems’ stock reached a 52-week and all-time high on December 16. Through an exchange filing, the Delhi-based company notified its shareholders that it had secured the Chittaranjan Locomotive Works order.
The statement states, “We would like to notify you that Chittaranjan Locomotive Works has placed an order for the supply, installation, and commissioning of on-board TCAS (KAVACH) equipment in locomotives for a total of Rs 1,522.40 crore (plus applicable taxes).” It is expected that the order, which includes installing KAVACH equipment on 2,200 locomotives, will be completed within a year.
In addition to Siemens, KEC International, RailTel, and Kernex Microsystems, HBL Engineering is one of the few railway businesses participating in the KAVACH orders for the Indian Railways. Kernex Microsystems actually received a KAVACH order last week worth over ₹2,000 crore, which exceeded its whole market value. The combined anticipated order potential for LTE and KAVACH is ₹30,000 crore.
HBL Power Share Price
The share price of HBL Power had a decrease on the most recent trading day, opening at ₹727.95 and closing at ₹695.35. Throughout the day, the stock fluctuated between a high of ₹738.65 and a low of ₹702.60. At ₹19,265.05 crore, the market capitalization was present. In contrast to its 52-week high of ₹723.80 and low of ₹377.10, 594,488 shares were traded on the BSE.
About HBL Power Systems Ltd.
HBL Power Systems Ltd. is an Indian private sector company that works in the battery industry. Among the company’s various verticals are HBL America Inc., HBL Germany, Gmbh, and Torquedrive Technologies Pvt. Ltd. The company sells scrap, services, and batteries, among other products and brands. In 1986, the company was founded. Its market capitalization is 19,881.8 Cr as of December 17, 2024.
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