HBL Power System Ltd manufactures incorporated in 1983 and services different types of batteries, e-mobility, and other products.
The company ranks 2nd globally in the industrial nickel batteries segment and 3rd** in India's VRLA lead batteries segment. It is also the only manufacturer of PLT lead batteries in the country.
HBL Engineering Ltd. operates in high-tech products such as armor systems, TMS, and battery solutions in the railway sector. Entry barriers in this sector such as high technical expertise, long-term contracts, limited competition, heavy R&D investments, and regulatory approvals make it difficult for new players to enter the market. HBL's established position, indigenous technology, and strong relationship with the Indian Railways make it a strong player in this sector.
Kavach System Order:
December 2024: HBL received an order of ₹1,522.4 crore from Chittaranjan Locomotive Works (CLW) for supply, installation, and commissioning of on-board Train Collision Avoidance System (TCAS - Kavach) in 2,200 locomotives. The order is to be completed in 12 months.
April 2024: Received five Letters of Acceptance (LoA) from Central Railways for ₹762.56 crore for installation of Kavach system for 413 stations and 3,900 km.
August 2025: Received an order of ₹54.12 crore from West Central Railway, which includes supply, design, installation, and commissioning of armor equipment across 18 stations and 166 km in Kota division. To be completed in 700 days.
Others: Also received an order of ₹101.55 crore from IRCON International.
Total Order Book:
As of August 2025, HBL Engineering's total order book is ₹4,083.17 crore, providing strong visibility in the railways and defense sectors.
This order book strengthens the company's long-term revenue prospects, especially in railway safety systems and battery solutions.
Perhaps this is the reason why an attempt to take a new flight can be seen in the charts from today.
The company ranks 2nd globally in the industrial nickel batteries segment and 3rd** in India's VRLA lead batteries segment. It is also the only manufacturer of PLT lead batteries in the country.
HBL Engineering Ltd. operates in high-tech products such as armor systems, TMS, and battery solutions in the railway sector. Entry barriers in this sector such as high technical expertise, long-term contracts, limited competition, heavy R&D investments, and regulatory approvals make it difficult for new players to enter the market. HBL's established position, indigenous technology, and strong relationship with the Indian Railways make it a strong player in this sector.
Kavach System Order:
December 2024: HBL received an order of ₹1,522.4 crore from Chittaranjan Locomotive Works (CLW) for supply, installation, and commissioning of on-board Train Collision Avoidance System (TCAS - Kavach) in 2,200 locomotives. The order is to be completed in 12 months.
April 2024: Received five Letters of Acceptance (LoA) from Central Railways for ₹762.56 crore for installation of Kavach system for 413 stations and 3,900 km.
August 2025: Received an order of ₹54.12 crore from West Central Railway, which includes supply, design, installation, and commissioning of armor equipment across 18 stations and 166 km in Kota division. To be completed in 700 days.
Others: Also received an order of ₹101.55 crore from IRCON International.
Total Order Book:
As of August 2025, HBL Engineering's total order book is ₹4,083.17 crore, providing strong visibility in the railways and defense sectors.
This order book strengthens the company's long-term revenue prospects, especially in railway safety systems and battery solutions.
Perhaps this is the reason why an attempt to take a new flight can be seen in the charts from today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.