Corporate News     27-Jun-23
HBL Power Systems wins contract worth Rs 135 cr
HBL Power Systems has entered into a contract on 26 June 2023, with Ashoka Buildcon (ABL) for supply of the Kavach part of an EPC contract won by ABL in September 2022.

The ABL contract with East Central Railway, is for Rs.220 crore (including GST at 18%) for deploying Kavach and OFC network over 417 km and 60 locomotives, between Pradhankhunta in Jharkhand and Deen Dayal Upadhyay station in Uttar Pradesh.

The ABL contract with HBL is for Rs.135 crore (including GST of 18 %). This includes the supply and commissioning of all equipment involved in the Kavach system requiring RDSO approval.

The delivery and commissioning is to be completed in 18 months.

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