HBL Power Systems has secured a contract worth Rs 135 crore ($18.1 million) from Ashoka Buildcon to supply Kavach, an anti-collision system for railways. The deal is part of an engineering, procurement and construction contract won by Ashoka Buildcon in September 2022. HBL, one of three suppliers approved by the Research Designs and Standards Organisation (RDSO), will provide all the equipment involved in the system. The delivery and commissioning of the Kavach system will be completed within 18 months.
HBL Power Systems has entered into a contract with Ashoka Buildcon for the supply of Kavach, which is an anti-collision system designed for the railways. The deal is worth Rs 135 crores, including GST of 18% and comprises the supply and commissioning of all equipment involved in the Kavach system, requiring RDSO approval. The Kavach system will be delivered and commissioned within 18 months. HBL is one of three suppliers approved by the RDSO.
The system is designed to prevent train accidents by detecting any possible collision and taking necessary action to avoid it. It uses advanced technology that allows it to detect obstructions, signals, and other train movements, thereby reducing the risk of accidents. HBL’s Kavach system is expected to revolutionize train safety and potentially save numerous lives.
The contract will significantly boost HBL’s sales revenue and grow its business in the railway industry. The company is confident that the Kavach system will be in high demand due to its effectiveness in preventing accidents and its ability to improve safety standards in the railway sector.
Furthermore, the deal is expected to benefit the Indian railway industry as a whole, as the Kavach system could enhance safety standards, reduce the risk of accidents, and bolster the industry’s reputation. The system could potentially attract more customers and boost the Indian railway industry’s growth in the long term.
The deal between HBL and Ashoka Buildcon represents a significant milestone for both companies, as it strengthens their partnership and offers significant commercial opportunities for future growth. As HBL aims to expand its business in the railway sector, this contract is a vital step towards achieving its objectives.
In conclusion, the agreement between HBL Power Systems and Ashoka Buildcon is a promising development for both companies and the Indian railway industry; it has the potential to improve safety standards and create new business opportunities for growth. Considering the current situation in the world, with lockdowns and unstable financial markets, this collaboration is a significant milestone for both companies and underscores the resilience of the Indian economy.
