Kernex Microsystems Secures Rs 151 Cr KAVACH Deal, Bolsters Rail Safety

Hey there, finance enthusiasts! 👋 Let’s dive into some exciting news from the world of Indian infrastructure and technology. Kernex Microsystems (India) Limited, a key player in railway safety systems, has just announced a significant new order that’s set to boost its already impressive portfolio.

The company, as part of the KERNEX-KEC Consortium, has received a Letter of Acceptance (LoA) from the West Central Railways, Bhopal. This isn’t just any order; it’s for the provision of KAVACH, India’s indigenous Automatic Train Protection (ATP) system. This crucial technology will be deployed on a UHF backbone along with Optical Fiber Cable (OFC) with route diversity across vital sections of the Bhopal Division, including Itarsi (Excluding)-Khandwa (Excluding) and Bina (Excluding)-Ruthiyai.

This specific contract is valued at a substantial Rs. 151.41 Crores (including 18% GST) and is expected to be completed within 600 days from the date of the LoA. That’s a pretty tight timeline, showcasing the urgency and importance of these safety upgrades!

What’s even more impressive is the bigger picture. This new order adds to Kernex’s growing success in the KAVACH rollout. The company revealed that its cumulative KAVACH orders, including those secured with consortium and JV partners, have now reached a staggering Rs. 3,136.53 crores (including GST) since April 1, 2024. This figure truly highlights Kernex Microsystems’ pivotal role in enhancing the safety and efficiency of Indian Railways.

This domestic contract underscores the government’s push for indigenous technology in critical sectors and Kernex’s capability to deliver on large-scale, complex projects. It’s a clear sign of the company’s continued contribution to modernizing India’s vast railway network. Keep an eye on this space as KAVACH continues to expand across the country! 🚂

source: Corporate Announcement

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