Kernex Microsystems (India) Ltd., a leader in providing cutting-edge solutions for industrial applications, has been awarded a significant Rs. 2,041.40 Crore contract by Chittaranjan Locomotive Works. The contract involves the supply, installation, testing, and commissioning of 2,500 sets of On-Board KAVACH equipment for the Indian railway sector.

Key Highlights of the Order:

• Order Value: Rs. 2,041.40 Crore
• Scope of Work: The contract covers the supply, installation, testing, and commissioning of 2,500 sets of On-Board KAVACH equipment, a key safety feature for trains.
• Delivery Date: The order is set to be delivered by 5th December 2025, reinforcing Kernex Microsystems’ commitment to meeting demanding deadlines.
• Domestic Order: This order is awarded by a domestic entity, ensuring the project will contribute to India's railway safety initiatives.
• No Related Party Transaction: The contract does not involve any related party transactions and there is no interest from the promoter or promoter group in the awarding entity.

About the KAVACH System:

The KAVACH system is an advanced train collision avoidance technology designed to enhance railway safety. It aims to prevent train accidents by providing automatic brakes in case of danger, making the Indian railway system safer and more efficient.

No Interest from Promoters:

The company confirmed that the promoter group has no interest in the entity awarding the contract, ensuring full transparency and adherence to regulatory guidelines. The order is in line with SEBI’s listing regulations, as outlined in Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Mr. M. B. Narayana Raju, the Whole-Time Director of Kernex Microsystems (India) Ltd., expressed his gratitude for the opportunity to contribute to such a transformative project in the railway sector, further cementing the company's role as a leader in providing innovative technology solutions.

Conclusion:

The Rs. 2,041.40 Crore order represents a major step for Kernex Microsystems, enhancing its portfolio and reinforcing its commitment to delivering cutting-edge technological solutions for the Indian railway industry. With this contract, the company continues to demonstrate its leadership in safety systems technology and project execution within the domestic market.

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