HBL Engineering has informed the exchanges that Banaras Locomotive Works (BLW), Varanasi, has issued a Letter of Acceptance for the supply, testing and commissioning of On-board KAVACH equipment (Version 4.0). The contract, awarded to the company as a domestic order, is valued at Rs 800.36 crore, inclusive of 18 percent GST.

The project is scheduled to be completed within a period of 12 months. The company clarified that none of its promoters or promoter group entities have any interest in the awarding entity. It further stated that the contract does not fall under the ambit of related party transactions.

The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, in line with the applicable SEBI Master Circulars.