Kernex Microsystems Secures Rs.67.53 Crore Order for KAVACH Equipment
Filing Summary
Kernex Microsystems India Ltd has received an order valued at Rs.67.53 Crores from the PCMM Office, Patiala. The order involves the supply, installation, testing, and commissioning of on-board KAVACH Loco Equipment as per RDSO specifications. The project is scheduled for completion by April 15, 2027. The order is domestic, and there is no involvement of related party transactions. This development is part of Kernex’s ongoing efforts to expand its capabilities in railway safety systems.
Kernex Microsystems India Ltd has been awarded an order from the PCMM Office, Patiala valued at Rs.67.53 Crores. The order is for the supply, installation, testing, and commissioning of on-board KAVACH Loco Equipment according to the RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or latest. This order is classified as domestic and is expected to be executed by April 15, 2027.
The order specifies that Kernex Microsystems will provide the necessary equipment and services to meet the requirements outlined in the RDSO specifications. The project involves comprehensive work including supply, installation, testing, and commissioning, ensuring the equipment is fully operational and compliant with the latest standards.
The financial consideration for this order is inclusive of GST, amounting to Rs.67.53 Crores. There is no interest from the promoter group or related parties in the entity awarding the contract, and the transaction does not fall under related party transactions.
The PCMM Office, Patiala, responsible for awarding this order, is engaged in the procurement and management of railway equipment and services. This order aligns with their focus on enhancing railway safety and operational efficiency through advanced technological solutions.
Kernex Microsystems India Ltd specializes in the development and implementation of railway safety systems. The company focuses on providing innovative solutions to improve railway operations and safety. This order is part of Kernex’s strategic initiatives to expand its presence in the railway sector and enhance its portfolio of safety equipment.