Kernex Microsystems (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KERNEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kernex Microsystems has received a major order worth Rs. 67.53 Crores (including GST) from PCMM Office, Patiala, a government railway entity. The order is for the Supply, Installation, Testing, and Commissioning of On-board KAVACH Loco Equipment as per RDSO Specification. KAVACH is India's indigenous train protection system developed by the Research Design and Standards Organisation (RDSO). The order is domestic and must be executed by April 15, 2027. The company has confirmed no related party transaction or promoter group interest in the awarding entity.
This is a significant contract for Kernex Microsystems, representing a sizable government order in the railway safety equipment space. The positive sentiment from a domestic government order could be supportive for the stock, though the market's reaction will depend on the company's existing order book and revenue base.