Kernex Microsystems (India) has been awarded a significant contract valued at ₹67.53 crore, inclusive of GST, by the PCMM Office, Patiala. The order involves the supply, installation, testing, and commissioning of On-board KAVACH Loco Equipment in accordance with RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or the latest.
The contract, which is domestic in nature, specifies that the project must be completed by 15th April 2027. This order represents a substantial addition to Kernex Microsystems‘ portfolio, underscoring its capabilities in providing advanced technological solutions.
The company has confirmed that there is no interest from promoters, promoter groups, or group companies in the entity that awarded the contract. Additionally, the transaction does not fall within related party transactions.
This development is a testament to Kernex Microsystems’ continued growth and its commitment to delivering high-quality equipment and services in the domestic market.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Aman Shukla before publication.