KERN EX-KEC Consortium Secures Rs. 85.14 Crore Kavach Project, Kernex Microsystems India hit 5% UC

 

Summary:

North Central Railway, Prayagraj, has awarded a Letter of Acceptance (LoA) to KERN EX-KEC Consortium for the implementation of Kavach (Train Collision Avoidance System). The project also includes the provision of towers and 4X48 fibre OFC as a backbone along the Shuteshwar (Incl) – Dholpur (Incl) Section.

Stock Performance:

  • Following the announcement, KERN EX-KEC Consortium’s stock surged by 5%, hitting the upper circuit at Rs. 814.95.
  • Market Capitalization: Rs. 1,300.78 Crores. 



Key Details of the Project:

  • Tender Number: NCR-SnT-EPCKAVACH-BTSR-DHO

  • Accepted Project Cost: Rs. 85.14 Crores (inclusive of 18% GST)

  • Completion Period: 500 days from the date of LoA

  • Scope: Implementation of Kavach safety system along with fibre optic backbone infrastructure

Total Kavach Contracts to Date

Since April 2024, the cumulative value of all Kavach contracts awarded has reached Rs. 2,470.25 Crores, reinforcing the Indian Railways' commitment to railway safety and modernization.

About the Company:

Incorporated in 1991, Kernex Microsystems Ltd manufactures and sells Safety Systems and Software services for Railways

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