Kernex Microsystems spurts ~5% on securing new order worth Rs26.74 crore

3 Aug 2022 , 10:17 AM

Kernex Microsystems (India) Limited informed that it has been awarded an order from Integral Coach Factory, Chennai.

The order received is worth Rs26.74 crore for the Supply, Installation, and Commissioning of the Train Collision Avoidance System (TCAS) (KAVACH).

The order states that 39 units of Train collision avoidance system (TCAS) are to be supplied, installed, and commissioned on or before July 31, 2023, to DEPOT/ICF, Chennai, Office of DY.CMM/FD, Furnishing Depot, Integral Coach Factory, Chennai.

Kernex has developed cutting-edge rail safety products over the years, utilizing the most recent GPS, radio, and navigation technologies. The company’s expertise in various verticals enables it to provide customers with a comprehensive package of services ranging from specification finalization to embedded hardware design, embedded software design, validation, and verification.

At around 10.20 AM, Kernex Microsystems was trading at Rs236.50 up by Rs11.25 or 4.99% from its previous closing of Rs225.25 on the BSE. The scrip opened at Rs236.50 and has touched intraday high and low of Rs236.50 and Rs236.50 respectively.