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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..