Kernex Microsystems Secures Rs 475.21 Crores Order from Chittaranjan Locomotive Works
Kernex Microsystems (India) Limited has been awarded a substantial order valued at Rs 475.21 Crores for the Supply, Installation, Testing, and Commissioning of On-board KAVACH Loco Equipment. The contract was awarded by Chittaranjan Locomotive Works (CLW).The order pertains to KAVACH Loco equipment, meeting the technical specifications laid out by RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or the latest revision. The contract is classified as a domestic order, with an execution period spanning 12 months from the date of the contract.
This strategic contract is set to significantly enhance the company's revenue visibility and reinforce its standing in the railway safety sector.
Details of the awarded contract include:
| Parameter | Detail |
|---|---|
| Awarding Entity | Chittaranjan Locomotive Works (CLW) |
| Contract Value | Rs 475.21 Crores |
| Scope of Work | Supply, Installation, Testing, and Commissioning of On-board KAVACH Loco Equipment |
| Specifications | RDSO/SPN/196/2020, Version 4.0 or latest |
| Nature of Order | Domestic |
| Execution Period | 12 months from the date of the contract |
KERNEX Stock Price Movement
Today, shares of Kernex Microsystems (India) Limited edged higher, gaining 0.46% and closing at ₹1493.2. The stock traded today between a low of ₹1462.6 and a high of ₹1607.1, setting a total volume of 713,271 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.