Introduction:
Leading engineering company has secured a ₹1,522.40 crore order from Chittaranjan Locomotive Works to supply and install Train Collision Avoidance System (TCAS) in 2,200 locomotives, marking a significant move into the train safety equipment market.
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Share price movement of HBL Power:
On December 16, 2024, HBL Power Systems Ltd. opened at ₹727.95, up 4.69% from its previous close of ₹695.35. The stock reached a high of ₹738.65 (6.21%) and a low of ₹702.60. By 12:55 PM, it traded at ₹709.30, a 2.01% increase, with a market cap of ₹19,661.44 crore.
HBL secures ₹1,522 crore order:
HBL Power Systems Ltd. (now HBL Engineering Ltd.) has secured an order worth ₹1,522.40 crore from Chittaranjan Locomotive Works for the supply, installation, and commissioning of an on-board Train Collision Avoidance System (TCAS) in 2,200 locomotives.
The order is expected to be completed within 12 months from the date of the purchase order. This marks a significant step for the company in the railway sector, strengthening its position in the train safety equipment market.
The company confirmed that none of the promoters had any interest in the transaction. Additionally, it clarified that this deal does not fall under the category of related party transactions, and it will be conducted at arm’s length as per regulations.
Stock performance of HBL Power for Period of 1 week, 6 months and 1 year:
HBL Power Systems Ltd. has shown strong performance with a 2.92% return over the past week, 37.1% over six months, and an impressive 48.7% return over the past year, reflecting sustained growth and market confidence.
Shareholding pattern of HBL Power:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 59.10% | 59.10% | 59.10% |
| FII | 4.90% | 4.70% | 4.60% |
| DII | 1.00% | 1.10% | 0.70% |
| Public | 35.00% | 35.20% | 35.70% |
About HBL Power:
HBL Power Systems Ltd. (NSE: HBLPOWER) is a leading manufacturer of batteries, power systems, and defense electronics. Established in 1988, the company offers products like Lead Acid, Lithium batteries, and Solar Photovoltaic Modules, with a strong global presence.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
