HBL Power Systems bags orders from Railways

HBL Power Systems said on Tuesday it has bagged an order to supply train collision avoidance systems worth Rs 70 crore to South Central Railway. The contract is executable over the next 18 months.

“Twelve years of efforts made by the company to pioneer development of this safety-critical technology indigenously have come to fruition,” HBL said adding that further orders in this category are expected regularly.