Did large orders like Kavach contracts materially boost the 5yr CAGR
Yes, the large Kavach contracts have materially boosted HBL Engineering’s 5-year CAGR by significantly increasing its revenue visibility and order backlog. HBL Engineering secured a series of high-value Kavach orders in 2024-2025 totaling over ₹3,700 crore from various Indian Railway zones. These contracts cover the deployment and upgrade of the Kavach automatic train protection system…
