Kernex Microsystems (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KERNEX · price
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Kernex Microsystems, through a joint venture with VRRC, has received a Letter of Acceptance from South Central Railways, Secunderabad. The project involves upgrading the Kavach automatic train protection system from Version 3.2 to 4.0 across the Sadashivpet Road–Bidar–Parli Vaijnath–Parbhani section. The contract value is Rs. 21.03 crores (inclusive of 18% GST), and the work must be completed within 24 months from the LoA date. This is a domestic order with no related-party involvement from promoters or group companies.
This adds a small but steady revenue stream to Kernex's order book in the railway safety segment. For retail investors, the Rs. 21 crore order is modest in size, so the immediate share-price impact is likely limited unless more such Kavach orders follow.