Kernex Microsystems (India) Ltd., a leading company in the technology and systems integration industry, has announced that it, in partnership with KEC International Ltd., has been awarded an order worth Rs. 85.14 Crores by North Central Railways. The contract, under the project name Provision of KAVACH (Train Collision Avoidance System), covers the SHUTESHWAR (INCL) - DHOLPUR (INCL) section of the railway.

Key Details of the Order:

• Order Awarded By: North Central Railways for the KAVACH system project.

• Contract Details: The project entails the provision of the KAVACH Train Collision Avoidance System, which will be supported by towers and 4X48 fibre OFC backbone infrastructure on the designated section. Kernex Microsystems is the lead member in the consortium.

• Nature of the Contract: The contract is domestic and falls under EPC (Engineering, Procurement, and Construction) for the KAVACH system.

• Project Timeline: The completion period for the project is 500 days from the date of issue of the Letter of Acceptance (LoA).

• Contract Value: The contract is valued at Rs. 85.14 crore including GST @ 18%.

• Total Value of KAVACH Contracts: Since April 2024, the total value of all KAVACH-related contracts awarded to Kernex Microsystems and its partners has reached a significant Rs. 2,470.25 crore.

This order represents a major milestone for Kernex Microsystems, further cementing its position as a leader in railway technology systems in India. The KAVACH system is a crucial safety feature designed to prevent train collisions, thereby enhancing operational safety across the Indian railway network.

The partnership with KEC International Ltd. in executing the project will ensure that the technological and engineering aspects of the project are carried out efficiently, contributing to the success of the Indian Railways modernization efforts.

Additional Information:

• Promoter’s Interest: There are no interests from promoters, promoter groups, or group companies in the entity that awarded the order.

• Related Party Transactions: The order does not fall within the related party transactions category and is being executed at arm's length.

Kernex Microsystems has disclosed this significant development to both the BSE and NSE as per the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and providing stakeholders with important information about the ongoing projects and the company’s performance.

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