Multibagger HBL Engineering stock to be in focus on Friday after Rs.1,714 crore Kavach order win
New Delhi, May 28 -- Shares of HBL Engineering, a leading player in the battery and power systems sector, are likely to attract investor interest on Friday, May 29, after the company secured a significant order win. In an exchange filing on Thursday, the company said it had received an order worth Rs.1,714 crore from Chittaranjan Locomotive Works.
The order is for the supply, installation, testing, and commissioning of onboard Kavach locomotive equipment (Version 4.0). The contract is scheduled to be completed within 12 months from the commencement date.
The company also clarified that neither the promoter nor any promoter group entity has any interest in the awarding entity. It further stated that the transaction does not fall under re...
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