HBL Engineering Shares Plunge 13% After Losing Major Kawach Tender

• HBL Engineering Ltd's shares dropped by about 14% intraday on Friday, January 16, due to losing a large Kawach tender.
• The company failed to secure an order for 6,300 locomotive units from Chittaranjan Locomotive Works (CLW) due to more competitive pricing by rivals.
• The loss of this tender significantly impacted investor sentiment, leading to the sharp stock decline.
• HBL expects to secure at least ₹1,000 crore in locomotive-related Kawach business from the reduced demand of 12,129 units during FY27, potentially extending into FY28.
• Despite the tender loss, HBL has a strong order book in the Kawach station segment, expecting ₹900 crore invoicing in FY27 and ₹400 crore in FY28.

Why It Matters: HBL Engineering shares fell sharply after losing a major Kawach tender, though its station segment order book remains strong.