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The ABL has contract with HBL for Rs 135 crore. 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.
HBL Power Systems (HBL) specializes in developing and manufacturing products and solutions for telecom, industrial, railways and defence applications. The company has seven fully integrated facilities manufacture batteries, electronics and engineered products based on in-house developed technologies. In addition to catering to niche sectors namely telecom, UPS, solar, defence and railways in India, HBL's products are marketed across the globe spanning 80+ countries.
The company's consolidated net profit rose 4.1% to Rs 34.80 crore on 4.4% increase in net sales to Rs 402.61 crore in Q4 FY23 over Q4 FY22.
The scrip rose 0.95% to Rs 153.50 on the BSE.
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