Kernex Microsystems shares in focus after consortium wins Rs 325 crore Kavach contract from South Eastern Railway
Kernex Microsystems shares will be in focus on Friday after the company announced that South Eastern Railway has issued a letter of acceptance (LoA) to the Kernex-MRT consortium for a Rs 325.33-crore contract to supply, install, test, and commission the Kavach safety system across 688 RKM in the Kharagpur and Chakradharpur divisions.
«We would like to inform you that 'South Eastern Railways, Kolkata' has issued a Letter of Acceptance (LoA) to the KERNEX-MRT CONSORTIUM for the project, namely, the supply, installation, testing, and commissioning of Kavach on GO & GO routes (688 RKM), including associated works in sections of the Kharagpur and Chakradharpur divisions of South Eastern Railway,» the company said in an exchange filing.
The project, valued at Rs 325.33 crore (including GST), is to be completed within 1,000 days from the appointed date. Kernex Microsystems is the lead member of the consortium executing the project. Kavach is an advanced train collision avoidance system (TCAS) designed to enhance railway safety by preventing signal passing at danger, overspeeding, and collisions.
Also Read: Robert Kiyosaki sees Bitcoin crash as a buying opportunity, calls it 'Money with Integrity'
Kernex Microsystems
Kernex Microsystems reported a net profit of Rs 7.14 crore in Q3 FY25, marking a turnaround from a net loss of Rs 3.50 crore in the same quarter last year.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock
