New Delhi, June 16 -- HBL Engineering share price jumped 5% in early trade on Monday after the company received multiple orders from Indian Railways. The multibagger stock, HBL Engineering shares rallied as much as 5.04% to Rs.619.75 apiece on the BSE.

HBL Engineering announced over the weekend that the company has received letters of acceptance (LoA) from South Central Railway for two projects.

Firstly, the South Central Railway issued letter of acceptances to HBL Engineering for provision of the Kavach across 48 stations covering 446 kilometers of track and 10 locomotives in Vijayawada - Ballarshah section. The contract has to be completed within 18 months, HBL Engineering said in a regulatory filing on June 14.

The total value of th...