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Kernex Microsystems India Ltd. ( (IN:KERNEX) ) has provided an update.
Kernex Microsystems (India) Limited has secured a major domestic contract from Chittaranjan Locomotive Works worth Rs 2,465.71 crore for the supply, installation, testing and commissioning of 3,024 sets of on-board Kavach loco equipment, compliant with the latest Railway Design and Standards Organisation specifications. The 12‑month execution contract significantly boosts the company’s revenue visibility and strengthens its competitive position in India’s rapidly expanding railway safety infrastructure segment, underscoring its role as a key beneficiary of ongoing investments in train protection and signaling upgrades by Indian Railways.
More about Kernex Microsystems India Ltd.
Kernex Microsystems (India) Limited operates in the railway safety and signaling technology sector, focusing on the design, supply and installation of on-board safety systems for locomotives, with a particular emphasis on the Indian rail market and government-backed safety initiatives such as Kavach.
Average Trading Volume: 17,071
Technical Sentiment Signal: Buy
Current Market Cap: 18.3B INR
Learn more about KERNEX stock on TipRanks’ Stock Analysis page.