The contract involves the supply, installation, testing, and commissioning of the Kavach safety system on GO & GO routes (688 RKM), including associated works, in the Kharagpur and Chakradharpur divisions of South Eastern Railway.
The contract, valued at Rs 325.33 crore, has a completion timeline of 1,000 days from the appointed date. Kernex Microsystems is the lead member of the consortium executing the project.
The Kavach system, an advanced train collision avoidance system (TCAS), is designed to enhance railway safety by preventing signal passing at danger, overspeeding, and collisions.
Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for railways.
The company reported a consolidated net profit of Rs 7.18 crore in Q3 FY25 as compared to a net loss of Rs 8.50 crore recorded in Q3 FY24. Net sales zoomed to Rs 36.81 crore in Q3 FY25 from Rs 8.31 crore reported in Q3 FY24.
Shares of Kernex Microsystems (India) shed 0.76% to Rs 846 on the BSE.