Latest news with #KernexMicrosystems
Business Standard
13-06-2025
- Business
- Business Standard
Kernex Microsystems JV bags Kavach project worth Rs 311 cr
Kernex Microsystems (India) announced that Kernex- VRCC consortium has received letter of acceptances for the following project of Southern Railways, Chennai:1. Provision of Kavach (Train Collision Avoidance System), in MAS-GDR, MAS-AJJ, AJJ-RU, Sections of Chennai Division in Southern Railway for Rs. 173.11 crore (Incl. GST@18%) 2. Provision of Kavach (Train Collision Avoidance System) along with Tower and 48 Fiber OFC as back bone network in ARAKKONAM (AJJ IN)-JOLARPETTAI (JTJ IN) Section of Chennai Division in Southern Railway for Rs. 137.92 Crores (Incl. GST@18%)The Company is partner of the said Joint Venture with a share of 60%. The accepted Bid costs for the projects are Rs. 311.03 crore (Incl. GST@J8%)Powered by Capital Market - Live News
Business Upturn
13-06-2025
- Business
- Business Upturn
Kernex Microsystems wins Rs 311 crore kavach orders from Southern Railways
By Aman Shukla Published on June 13, 2025, 12:58 IST Kernex Microsystems, in collaboration with VRRC, has secured Letters of Acceptance (LoAs) from Southern Railways, Chennai, for two major projects aimed at enhancing railway safety through the implementation of the Kavach system, India's indigenous Train Collision Avoidance System (TCAS). The total contract value stands at ₹311.03 crore, inclusive of GST, with Kernex holding a 60% stake in the consortium. The first project involves the installation of the Kavach system across the MAS–GDR, MAS–AJJ, and AJJ–RU sections of the Chennai Division, covering a total stretch of 271 kilometers. This part of the contract is valued at ₹173.11 crore and is expected to be completed within 730 days from the date of the LoA. The second project, worth ₹137.92 crore, includes the deployment of the Kavach system along with tower infrastructure and a 48-fiber optic backbone network between Arakkonam (AJJ) and Jolarpettai (JTJ) in the same division. The execution timeline for this project is set at 540 days. These orders reinforce Kernex Microsystems' growing role in supporting Indian Railways' push for enhanced safety and technological advancement in railway operations. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
13-06-2025
- Business
- Business Standard
Kernex Microsystems locks in 5% upper limit on securing this deal; details
Kernex Microsystems share price: Kernex Microsystems shares were in demand in an overall weak market on Friday, June 13, 2025, with the scrip hitting 5 per cent upper circuit at 1,300.75 per share. By 2:00 PM, Kernex Microsystems shares continued to remain locked in the 5 per cent upper circuit at 1,300.75 per share. In comparison, BSE Sensex was trading 0.57 per cent lower at 81,225.27 levels. Why were Kernex Microsystems shares locked in the 5% upper circuit today? Kernex Microsystems shares were locked in the 5 per cent upper circuit after the company announced that the Kernex Microsystems-VRRC consortium received a Letter of Award (LoA) worth ₹311.03 crore from Southern Railways. Kernex holds a 60 per cent stake in the joint venture (JV). The order includes installation of the Kavach (Train Collision Avoidance System) across MAS-GDR, MAS-AJJ, and AJJ-RU sections in the Chennai division for ₹173.11 crore (including 18 per cent GST), to be completed within 730 days. Additionally, the consortium will provide Kavach along with a tower and 48 Fiber OFC backbone network between Arakkonam and Jolarpettai for ₹137.92 crore, with a project duration of 540 days. Last week, Western Railways, Ahmedabad, issued a Letter of Acceptance (LoA) to the Kernex Microsystems-KEC consortium for implementing Kavach Version 4.0 (formerly known as Train Collision Avoidance System - TCAS). The project includes setting up a communication backbone using UHF and OFC on the Palanpur–Samakhiyali–Gandhidham section of the Ahmedabad Division. Kernex Microsystems holds a 70 per cent stake in this joint venture. ALSO READ | About Kernex Microsystems Kernex Microsystems specialises in the design, development, and turnkey deployment of advanced electronic systems, primarily for the railway sector. Established in 1991 as a 100 per cent Export Oriented Unit (EOU), the company has built a strong reputation for delivering safety-critical solutions such as level crossing protection systems, anti-collision systems, and train passenger information systems (KTPIS). With deep expertise in embedded systems, Kernex handles end-to-end development—from hardware and software design to testing and integration. ALSO READ | Gold-linked stocks: Manappuram Fin hits all time high, Muthoot Fin gains The company operates from a state-of-the-art 2,60,000 sq. ft. facility that supports research, manufacturing, training, and testing. Its product suite includes LxGuard, TrainSHIELD, SAFELx, Sentinex, Casry, KMDAX, and ATRW, catering to diverse railway safety and automation needs. Kernex Microsystems also offers a wide range of services, including embedded R&D, electronics manufacturing (EMS/CEM), offshore development, and consulting.
Business Standard
13-06-2025
- Business
- Business Standard
Kernex Micro jumps on bagging Rs 311 crore orders from Southern Railways
Kernex Microsystems (India) hit an upper limit of 5% at Rs 1300.75 after the company said it secured two contracts from Southern Railways in a joint venture with VRRC, under the KERNEX-VRRC consortium. The total combined value of the orders is Rs 311.03 crore. Kernex holds a 60% share in the joint venture. The first order, valued at Rs 173.11 crore, involves the installation of Kavach -- India's Train Collision Avoidance System, across the MAS-Gudur, MAS-Arakkonam, and Arakkonam, Renigunta sections within the Chennai Division, covering a total distance of 271 kilometers. This project is expected to be completed over 730 days. The second contract, worth Rs 137.92 crore, includes implementing Kavach along with the construction of tower infrastructure and laying 48-fiber optic cable as the backbone network between Arakkonam and Jolarpettai, also within the Chennai Division. The execution timeline for this project is 540 days. Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for Railways. On a consolidated basis, the company reported net profit of Rs 32.59 crore in Q4 March 2025 as against net loss of Rs 12.62 crore in Q4 March 2024. Net sales soared 832.32% YoY to Rs 83.07 crore in Q4 March 2025.
Mint
13-06-2025
- Business
- Mint
8000% rally in five years! Multibagger railway stock hits 5% upper circuit despite stock market crash; here's why
Kernex Microsystems share price hit 5% upper circuit on Friday despite a sharp fall in the Indian stock market today. Kernex Microsystems shares were locked at 5% upper circuit of ₹ 1,300.75 apiece on the BSE. The rally in Kernex Microsystems India shares comes after the railway company announced that Southern Railways has issued letters of acceptance to its Joint Venture for two projects. In a regulatory filing on June 13, Kernex Microsystems India said that the Southern Railways, Chennai has issued a Letters of Acceptances (LOA) to Kernex-VRRC consortium for two projects amounting to ₹ 311.03 crore. The first LoA is for the provision of Kavach (Train Collision Avoidance System), in three sections of Chennai Division in Southern Railway for ₹ 173.11 crore. The second LoA is for the provision of Kavach along with Tower and 48 Fiber OFC as back bone network in Arakkonam - Jolarpettai Section of Chennai Division in Southern Railway for ₹ 137.92 crore. Kernex Microsystems said it is a partner of the said Joint Venture with a share of 60%. The accepted bid costs for the projects are ₹ 311.03 crore, and the completion period is 730 days and 540 days from the date of LoA. Kernex Microsystems share price has rallied 64% in one month and over 88% in the past three months. The railway stock has fallen 8% on a year-to-date (YTD) basis, but has jumped by a staggering 246% in one year. The small-cap stock has delivered multibagger returns of 295% in two years and nearly 8,000% in the past five years. At 1:45 PM, Kernex Microsystems share price was trading still locked at 5% upper circuit at ₹ 1,300.70 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
