HBL Power Systems said on Tuesday it has bagged order worth Rs 70 crore from South Central Railway. The company will supply Train Collision Avoidance Systems (TCAS) to South Central Railway (SCR). The contract is executable over the next 18 months.
- The first commercial tenders were finalised by South Central Railway and HBL received the first order for Rs. 70 Crores executable over the next 18 months.
- HBL said,”Twelve years of efforts made by the company to pioneer development of this safety-critical technology indigenously have come to fruition.”
- Further orders in this category are expected regularly, it added.