Hiliks Technologies soars after bagging Rs 96-cr railway signalling subcontract
Mumbai, June 19 -- The contract is for execution of signalling and telecommunication works in connection with the doubling of the railway track between Akanapet Junction and Medchal stations in Telangana.
The project also includes the implementation of Kavach, the Indian Railways' indigenous train collision avoidance system, under South Central Railway.
The company said that the requisite approval from South Central Railway for the subcontract was received on 17 June 2026.
The value of the subcontract stands at Rs 95.51 crore. With this order, the cumulative value of the company's pending order book has risen to Rs 165 crore.
The order is scheduled to be executed over a period of 24 months. The company clarified that the contract does...
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