HBL Engineering Wins ₹31.49 Cr KAVACH Order; IP Rings Expands

HBL Engineering has secured a significant new order valued at ₹31.49 crore. This contract is for KAVACH Loco equipment, awarded by Integral Coach Factory in Chennai. Separately, IP Rings has announced strategic plans to establish an additional manufacturing facility through a new lease agreement.

HBL Engineering Secures KAVACH Contract

The Integral Coach Factory (ICF) in Chennai awarded this contract to HBL Engineering. It specifically covers the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0).

The total value of this contract stands at ₹31.49 crore. This figure excludes 18% GST, as specified in the agreement.

HBL Engineering is tasked with completing the entire project. The stipulated deadline for completion is on or before March 31, 2028.

HBL Engineering holds a notable position in India’s industrial landscape. The company is recognized as a pioneer in the design, development, and manufacture of specialized batteries and DC systems.

IP Rings Expands Production Capacity

IP Rings has solidified its expansion strategy by signing a new lease agreement. This agreement, dated August 01, 2026, facilitates the establishment of an additional manufacturing facility.

The primary objective of this expansion is to create additional capacity. This will support higher production volumes to meet increasing demand.

The new facility is crucial for addressing the growing business requirements of the company. It represents a forward-looking step for IP Rings.

IP Rings is globally recognized as a leader in the manufacturing sector. Specifically, it is a world leader in the production of piston rings.

Beyond piston rings, the company’s operations also extend to other critical areas. IP Rings is actively engaged in the manufacture of various engine and transmission components.