Kernex Microsystems (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KERNEX · price
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Kernex Microsystems has received a Letter of Acceptance from DFCCIL (Dedicated Freight Corridor Corporation of India), New Delhi, for installing the KAVACH Train Collision Avoidance System across a 931 km stretch on the Eastern Dedicated Freight Corridor. The contract is valued at Rs. 209.82 Crores (including 18% GST) and is to be completed within 730 days. The project involves survey, design, supply, installation, testing, and commissioning of KAVACH, towers, and associated works. The cumulative orders bagged by the company (including consortium partners) from April 1, 2024 to date stand at Rs. 3,346.35 Crores, indicating a strong order pipeline.
This sizeable government order strengthens Kernex's order book and reinforces its position as a key player in India's railway safety and signalling segment. For shareholders, it signals continued revenue visibility, though execution over the next two years and consortium dynamics will be key factors to monitor.