HBL Power Shares In Focus After Securing Rs 15 Bn KAVACH Order

18 Dec 2024 CW Team

HBL Power Systems shares will remain in focus after the company announced an order worth Rs 1,522.40 crore from Chittaranjan Locomotive Works (CLW) for the supply, installation, and commissioning of the KAVACH Train Collision Avoidance System (TCAS) equipment in locomotives. The company stated in its filing, "We would like to inform you that an order worth Rs 1,522.40 crore (plus applicable taxes) has been received from Chittaranjan Locomotive Works for the supply, installation, and commissioning of on-board TCAS (KAVACH) equipment in locomotives." The order includes the installation of KAVACH systems on 2,200 locomotives and is expected to be completed within 12 months from the date of the purchase order. HBL Power Systems reported a 27.1% year-on-year increase in consolidated net profit for Q2 FY25, reaching Rs 8.7 billion compared to Rs 686.7 millionin Q2 FY24. However, revenue from operations declined by 6.4% to Rs 5.20 billion for the quarter ended 30 September 2024. On Friday, HBL Power Systems shares closed at Rs 695.3, up 3.5% on the BSE, while the benchmark Sensex surged 1.04%. The stock has gained 59%so far in 2024 and 540% over the past two years, with the company’s market capitalization now at Rs 192 billion. Technically, the stock's relative strength index (RSI) is at 72.6. According to Trendlyne, RSI above 70 is considered overbought. This implies that stock may show pullback. Additionally, the MACD is at 22, which is above its center and signal Line, this is a bullish indicator.The stock is trading below its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs) while trading above SMAs

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..