7 months ago
Kernex Microsystems Secures Rs 2,465 Crore Kavach Order
Kernex Microsystems, an Indian technology company, has won a big order worth Rs 2,465.71 crore from Chittaranjan Locomotive Works.
This order is for making and installing safety equipment called Kavach Loco on trains.
The company will deliver and set up 3,024 sets of this equipment in one year.
This order is expected to help Kernex improve its financial performance and strengthen its position in the railway safety industry.
The company makes software and safety systems for trains and other industries.
Their stock has done well recently, with a 25% return in the past month, but it's not trading today because of elections in Maharashtra.
Kernex Microsystems secures a Rs 2,465.71 crore order from Chittaranjan Locomotive Works for Kavach Loco equipment.
The order involves the supply, installation, testing, and commissioning of 3,024 sets of on-board Kavach Loco equipment.
The project will be executed within 12 months and complies with RDSO standards and SEBI regulations.
Kernex Microsystems focuses on railway safety systems and industrial applications.
The company's stock has delivered a 25% return in the past month, with a market capitalization of Rs 2,110 crore on BSE.
- Who
- Kernex Microsystems India
- What
- Secured a Rs 2,465.71 crore order for Kavach Loco equipment
- Where
- India (domestic order)
- When
- Execution period of 12 months from the purchase date
- Why
- To enhance financials and reinforce market position in railway safety
Key facts
- Company
- Kernex Microsystems India
- Order Value
- Rs 2,465.71 crore
- Client
- Chittaranjan Locomotive Works
- Project Scope
- Supply, installation, testing, and commissioning of 3,024 sets of on-board Kavach Loco equipment
- Execution Period
- 12 months
- Regulatory Compliance
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Company Focus
- Railway safety systems and industrial applications
- Market Capitalization
- Rs 2,110 crore (BSE)
Quotes
Kernex Microsystems
Indian technology company specializing in railway safety systems and industrial applications
“This strategic order further enhances the company’s revenue visibility and reinforces its market position in the railway safety sector.”
financialexpress.com
Sources
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