Kernex Microsystems Secures Rs. 2465 Crore Order from CLW
Filing Summary
Kernex Microsystems India Ltd has received an order valued at Rs. 2465 Crores from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of 3024 sets of On-Board KAVACH Loco Equipment. The contract is to be executed within 12 months from the date of the purchase order. This order is domestic and does not involve any related party transactions. The company has confirmed that neither the promoter group nor group companies have any interest in CLW.
Kernex Microsystems India Ltd has been awarded an order by Chittaranjan Locomotive Works (CLW) valued at Rs. 2465 Crores. The contract involves the supply, installation, testing, and commissioning of 3024 sets of On-Board KAVACH Loco Equipment. The equipment must comply with RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or the latest version.
The order is domestic, and the execution period is set for 12 months from the date of the purchase order. The filing confirms that there are no related party transactions involved in this contract. Additionally, the promoter or promoter group of Kernex Microsystems does not have any interest in CLW.
The details of the order have been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.
Chittaranjan Locomotive Works is a government-owned electric locomotive manufacturer based in India. It is involved in the production of electric locomotives and is a key player in the Indian railway sector, focusing on enhancing railway safety and efficiency.
Kernex Microsystems India Ltd specializes in railway safety systems and solutions. The company focuses on providing advanced technology for railway safety, including the development and implementation of train protection systems. Kernex Microsystems aims to enhance railway safety through innovative solutions and strategic partnerships.