ACS Technologies Secures Work Order from Kernex Microsystems for Train Safety Systems
ACS Technologies Limited has announced the receipt of a strategic work order from Kernex Microsystems (India) Limited. This engagement is focused on providing Train Collision Avoidance Systems services, which are critical components of the ongoing Kavach initiative for railway safety in India. The contract marks a significant business development for ACS Technologies, reinforcing its role in supplying vital electronic components for advanced train protection and collision avoidance systems.The work order, originating from a domestic entity, specifies the provision of TCAS PCB's services. This engagement details ACS's continued expertise in meeting critical electronic component requirements within the railway safety sector.
The key terms and financial details of this contract are summarized below:
| Particulars | Details |
|---|---|
| Name of the entity awarding the order | Kernex Microsystems (India) Limited |
| Nature of order | TCAS PCB's services |
| Domestic/International Status | Domestic entity |
| Broad consideration / size of the order/contract | INR 14,33,18,434 (Rupees Fourteen Crore Thirty Three Lakh Eighteen Thousand Four Hundred Thirty Four only) |
| Whether the order/contract would fall within related party transactions | No |
ACS Technologies Limited stated that the project is expected to be executed in alignment with the high standards of quality, safety, and efficiency required by Kernex Microsystems (India) Limited. The company looks forward to executing this project.
Stock Price Movement
ACS Technologies Ltd shares settled Wednesday at ₹40.95, ticking up 0.07% for the session. Throughout the day, the shares traded within a notable range, moving between a low of ₹40.15 and a high of ₹41.73.Source:
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