Multibagger stock, May 1 -- HBL Engineering has secured a Rs.146 crore contract from Indian Railways to implement the Kavach system across 48 stations, covering a distance of 428 kilometers. In a filing made to the exchange, the company mentioned that the project must be completed within 730 days.

The Western Railway has issued letters of acceptance for this agreement. The company further stated that none of the promoters have a vested interest in the transaction, and this transaction will not be classified as a Related Party Transaction.

HBL Engineering shares, which fell by 2.49% to Rs.481.45 each on the BSE, will be in focus on Friday's trading session. The Indian stock market remains closed today (Thursday, May 1), to commemorate Ma...