Kernex Microsystems (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueBusiness Updates View source PDF

KERNEX · price

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+14.1%1-day move

₹1480.60

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₹1578.90

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AI summary

Kernex Microsystems received a major order worth Rs. 475.21 Crores from Chittaranjan Locomotive Works (CLW), a government-owned Indian Railways entity. The order is for supply, installation, testing, and commissioning of On-board KAVACH Loco Equipment as per RDSO specification. KAVACH is India's automatic train protection system. The order has a delivery timeline of 12 months from the contract date. The company stated this enhances revenue visibility and strengthens its position in the railway safety sector. No related party involvement was reported.

Likely market impact

This Rs. 475 crore order represents a substantial contract for the company and should positively impact near-term revenue visibility. The stock is likely to react positively given the scale of the order from a blue-chip government buyer like Indian Railways.