Latest news with #KernexMicrosystems
Business Standard
3 hours ago
- Business
- Business Standard
Kernex Micro spurts on bagging Rs 151-cr order from West Central Railway with KEC Intl consortium
Kernex Microsystems (India) surged 4.90% to Rs 1,105.80 after the firm said that it has secured contract worth Rs 151.41 crore from the West Central Railway, in consortium with KEC International. Shares of KEC International rose 0.85% to Rs 838.65 on the BSE. The contract involves the provision of KAVACH, the indigenous Automatic Train Protection (ATP) system developed under the 'Make in India' initiative. The project will be implemented on a UHF backbone along with optical fiber cable (OFC), and includes route diversity to ensure reliable and uninterrupted communication. The scope of the project covers key railway sections under the Bhopal Division of West Central Railway, including the Itarsi (excluding)Khandwa (excluding) and Bina (excluding)Ruthiyai routes, along with additional associated segments within the division. The contract, valued at Rs 151.41 crore, is to be executed within a period of 600 days. According to the company, there is no interest of the promoter, promoter group, or group companies in the entity that awarded the contract. Additionally, the contract does not qualify as a related party transaction, and therefore, the question of it being conducted at arms length does not arise. Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for Railways. KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has a presence in the verticals of Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines and Cables & Conductors. It has a footprint in 110+ countries (includes EPC, Supply of Towers and Cables). It is the flagship Company of the RPG Group.
&w=3840&q=100)
Business Standard
6 hours ago
- Business
- Business Standard
Kernex Microsystems hits 5% upper circuit after JV bags ₹151-crore order
Kernex Microsystems India shares hit 5 per cent upper circuit on Tuesday, August 19, 2025, at ₹1,106.8 per share on BSE. At 11:56 AM, Kernex Microsystems share price was trading 4.9 per cent higher at ₹1,105.8 per share. In comparison, the Sensex was 0.33 per cent higher at 81,544.47. Why were Kernex Microsystems shares rising? Kernex Microsystems shares were in demand after the KERNEX-KEC consortium received a letter of acceptance (LoA) from West Central Railways, Bhopal. The consortium is expected to install KAVACH safety systems on railway routes in Madhya Pradesh. The project is valued at ₹151.41 crore (including GST) and has to be executed within 600 days. "We would like to inform you that the "West Central Railways, Bhopal" has issued a letter of Acceptances (LOA) to KERNEX- KEC consortium for provision of KAVACH (indigenous ATP system) on UHF backbone along with OFC with route diversity in Itarsi (Excluding)-Khandwa(Excluding), Bina (Excluding) Ruthiyai and associated sections of Bhopal Division, West Central Railway," the filing read. The cumulative KAVACH orders received along with consortium and JV partners from April 1, 2024, to date are 3,136.53 crore. What is KAVACH? KAVACH (meaning "armor" or "shield" in Hindi) is an advanced railway safety system developed by India's Research Design and Standards Organisation (RDSO) in collaboration with Indian companies like Medha Servo Drives, Kernex Microsystems, and HBL Power Systems. About Kernex Microsystems Kernex Microsystems develops electronic systems for harsh operating environments. The company handles the complete product lifecycle from design and manufacturing to installation and maintenance. Kernex provides embedded R&D services and electronics manufacturing, helping clients accelerate product development and market entry across various applications. Kernex provides engineering and manufacturing services to international corporations, focusing on quality control, cost management, and timely delivery. The company works with clients on product development, helping them bring advanced solutions to market faster through its engineering expertise. Kernex's team of design and systems engineers offers end-to-end services from consulting and planning to developing complete technology solutions.
Business Upturn
7 hours ago
- Business
- Business Upturn
Kernex Microsystems shares rise over 2% after bagging Rs 151 crore KAVACH order from West Central Railway
By Aditya Bhagchandani Published on August 19, 2025, 10:44 IST Shares of Kernex Microsystems (India) Ltd gained over 2% in Monday's trade after the company announced a fresh order win for the Indian Railways' indigenous KAVACH Automatic Train Protection (ATP) system. At 10:43 am, the stock was trading at ₹1,076 apiece on the NSE, up 2.31% (₹24.30) from the previous close of ₹1,051.70. During the session, the stock touched a high of ₹1,079.70 and a low of ₹999.20. Kernex currently commands a market capitalisation of ₹18.10 billion and has delivered sharp gains from its 52-week low of ₹621.55, though still off its high of ₹1,580. The company, through its Kernex–KEC Consortium, secured an order worth ₹151.41 crore (including GST) from West Central Railway, Bhopal Division. The scope of work involves deployment of the KAVACH ATP system on the UHF backbone along with optical fibre cable (OFC) and route diversity. The project will be completed in 600 days across sections including Itarsi–Khandwa and Bina–Ruthiyai . With this contract, Kernex's cumulative KAVACH order book since April 2024 has risen to ₹3,136.53 crore, underscoring strong momentum in the rail safety modernisation drive. Kernex, a niche player in railway safety and signalling solutions, continues to benefit from the government's aggressive push towards rail safety. Analysts say the company's expanding execution pipeline could further support stock performance, though valuations remain on the higher side with a P/E ratio of 36.03. Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
7 hours ago
- Business
- Business Upturn
Kernex Microsystems gains order worth Rs 151 crore from West Central Railways
Shares of Kernex Microsystems (India) Ltd are likely to be in focus after the company announced that it has secured a new order worth ₹151.41 crore (including GST) from West Central Railway, Bhopal Division. The contract has been awarded to the Kernex–KEC Consortium and will involve the provision of the KAVACH indigenous Automatic Train Protection (ATP) system on the UHF backbone along with optical fibre cable (OFC) and route diversity across key railway sections. According to the company's exchange filing, the project has a completion timeline of 600 days and will cover sections including Itarsi (Excl.)–Khandwa (Excl.) and Bina (Excl.)–Ruthiyai , among others in the Bhopal Division. This latest win takes Kernex's cumulative KAVACH order book—including consortium and joint venture partners—since April 1, 2024, to ₹3,136.53 crore. The order underscores the growing adoption of KAVACH, the Indian Railways' indigenous train collision avoidance system, across the network as part of its safety and modernisation drive. Kernex, which specialises in railway signalling and safety solutions, has been a key beneficiary of the government's focus on deploying KAVACH across high-density routes. With this contract, the company has further strengthened its execution pipeline, which now spans several zones of Indian Railways. Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
&w=3840&q=100)
Business Standard
8 hours ago
- Business
- Business Standard
Stock Market LIVE: Nifty, Sensex hold gains; RIL, Bharti Airtel up 2% each; OMCs, media lead
10:49 AM Stock Market LIVE Updates: Kernex Microsystems shares rally Stock Market LIVE Updates: Kernex Microsystems share price was trading over 4 per cent higher on Tuesday. The rally in Kernex Micro shares came after the transport services-related company informed the stock exchanges about an order win. Kernex Micro shares hit an intraday high of ₹1,106 per share, up 4.2 per cent. Kernex Micro said: West Central Railways, Bhopal, has issued a letter of Acceptances (LOA) to KERNEX- KEC Consortium for the provision of KAVACH (indigenous ATP system) on UHF backbone along with OFC with route diversity in Itarsi (Excluding)-Khandwa(Excluding), Bina (Excluding)·Ruthiyai and associated sections of Bhopal Division, West Central Railway. The accepted bid cost for the project is ₹151.41 crore (lncl. GST@18%). 9:58 AM Stock Market LIVE Updates: RIL shares rise 2%, top gainer on Sensex 9:24 AM Stock Market LIVE Updates: A glance at broader market Stock Market LIVE Updates: Broader market indices edged higher. BSE MidCap and SmallCap was up 0.09 per cent and 0.25 per cent respectively. 9:21 AM Stock Market LIVE Updates: Here's a look at Sensex gainers and losers 9:18 AM Stock Market LIVE Updates: Nifty above 24,900, up 26 pts after market opens
