HBL Engineering shares surge 6% after getting regulatory approval for Kavach Systems 4.0
Published on 14/05/2025 10:24 AM
HBL Engineering shares surge 6% after getting regulatory approval for Kavach Systems 4.0HBL Engineering can now commence deliveries of Kavach System Version 4.0 against total accumulated order book of ₹3,763.83 crore. These contracts are expected to be completed within 24 months.By Meghna Sen May 14, 2025, 10:24:00 AM IST (Published)1 Min ReadShares of HBL Engineering Ltd. surged up to 6% on Wednesday, May 14, after the company announced it had received approval from the Research Designs and Standards Organisation (RDSO) for Version 4.0 of its Kavach system.
HBL Engineering is the first Indian company to receive this approval, it said in a regulatory filing.
The company can now commence deliveries of Kavach System Version 4.0 against total accumulated order book of ₹3,763.83 crore. These contracts are expected to be completed within 24 months.
HBL Engineering is among the few companies executing Kavach orders for Indian Railways, alongside KEC International, Kernex Microsystems, RailTel, and Siemens.
Kavach, developed by the RDSO with Indian industry partners, is an advanced safety system designed to prevent train collisions and enhance railway security.
The HBL Engineering stock is currently trading 6.07% higher at ₹537.30. Despite today's gain, shares of HBL Engineering have declined over 15% so far in 2025.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market today