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Kernex Microsystems (India) frozen at its upper limit of 5% at Rs 1,292.90 after the company announced that its joint venture, the Kernex-KEC Consortium, has received a letter of acceptance (LoA) worth Rs 182.81 crore from Western Railway.
Kernex Microsystems hits the roof after JV secures Rs 183-cr KAVACH order from Western Railway
09-Jun-2025, 09:42
The contract involves the provision of KAVACH Version 4.0 or the latest (formerly known as Train Collision Avoidance System ' TCAS), including the deployment of a communication backbone based on UHF and OFC on the Palanpur'Samakhiyali'Gandhidham section under the Ahmedabad Division of Western Railway.
The contract involves the provision of KAVACH Version 4.0 or the latest (formerly known as Train Collision Avoidance System ' TCAS), including the deployment of a communication backbone based on UHF and OFC on the Palanpur'Samakhiyali'Gandhidham section under the Ahmedabad Division of Western Railway.
The project is valued at Rs 182.81 crore and is scheduled to be executed within 730 days. Kernex holds a 70% stake in the consortium.
Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for railways.
On a consolidated basis, the company reported net profit of Rs 32.59 crore in Q4 March 2025 as against net loss of Rs 12.62 crore in Q4 March 2024. Net sales soared 832.32% YoY to Rs 83.07 crore in Q4 March 2025.
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