Kernex Microsystems Awarded Order Worth Rs 31.87 Crores from Integral Coach Factory
Kernex Microsystems (India) Limited has secured a contract valued at Rs 31.87 Crores (including GST) from Integral Coach Factory (ICF). The order pertains to the Supply, Installation, Testing, and Commissioning of On-board KAVACH.
The company's work involves upgrading the existing system from version 3.2 to 4.0. This extensive contract encompasses both hardware and software components, adhering to RDSO Specification No. RDSO/SPN/196/2020, and includes provisions for warranty and CAMC (Continuing Annual Maintenance Contract).
The awarded contract is domestic in nature, and the work is scheduled for completion by March 31, 2027. The order details confirm that neither the company nor its promoter group companies have any interest in Integral Coach Factory.
Key terms and conditions of the contract awarded to Kernex Microsystems are detailed below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | Integral Coach Factory (ICF) |
| Nature of Contract | Supply, Installation, Testing and Commissioning of On-board KAVACH upgrade from version 3.2 to 4.0 |
| Client Type | Domestic |
| Broad Consideration or Size | Rs 31.87 Crores (Including GST) |
| Completion Period | On or before March 31, 2027 |
KERNEX Stock Price Movement
Shares of Kernex Microsystems (India) Limited are shedding value as of 12:00 PM, tracking down by 0.59% in live trading to currently trade at ₹1864. The equity has seen intraday volatility, remaining within a trading range spanning from ₹1830 to the high of ₹1895.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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