Kernex Microsystems Secures Rs. 411 Crore Order from Banaras Locomotive
Filing Summary
Kernex Microsystems India Ltd has received an order from Banaras Locomotive Works valued at Rs. 411 Crores, inclusive of GST. The order involves the supply, installation, testing, and commissioning of 505 units of On-board KAVACH Loco Equipment. The contract specifies adherence to RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or the latest version. The project is scheduled for completion within 12 months from the date of the purchase order. This domestic contract does not involve any related party transactions or promoter interests.
Kernex Microsystems India Ltd has announced the receipt of an order from Banaras Locomotive Works (BLW) valued at Rs. 411 Crores, inclusive of GST. The order is for the supply, installation, testing, and commissioning of 505 units of On-board KAVACH Loco Equipment. This equipment must comply with RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or the latest version.
The contract is domestic in nature and is expected to be executed within a period of 12 months from the date of the purchase order. The order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
Banaras Locomotive Works is a key player in the Indian railway sector, focusing on the manufacturing and maintenance of locomotives. The collaboration with Kernex Microsystems is part of BLW’s ongoing efforts to enhance railway safety and efficiency through advanced technology solutions.
Kernex Microsystems India Ltd specializes in providing safety and signaling solutions for the railway industry. The company is committed to delivering high-quality products and services that meet stringent industry standards. This order aligns with Kernex’s strategic focus on expanding its footprint in the railway technology sector.