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Kernex Microsystems locks in 5% upper limit on securing this deal; details

Kernex Microsystems share price: Kernex Microsystems shares were in demand in an overall weak market on Friday, June 13, 2025, with the scrip hitting 5 per cent upper circuit at 1,300.75 per share. By 2:00 PM, Kernex Microsystems shares continued to remain locked in the 5 per cent upper circuit at 1,300.75 per share. In comparison, BSE Sensex was trading 0.57 per cent lower at 81,225.27 levels. Why were Kernex Microsystems shares locked in the 5% upper circuit today? Kernex Microsystems shares were locked in the 5 per cent upper circuit after the company announced that the Kernex Microsystems-VRRC consortium received a Letter of Award (LoA) worth ₹311.03 crore from Southern Railways. Kernex holds a 60 per cent stake in the joint venture (JV). The order includes installation of the Kavach (Train Collision Avoidance System) across MAS-GDR, MAS-AJJ, and AJJ-RU sections in the Chennai division for ₹173.11 crore (including 18 per cent GST), to be completed within 730 days. Additionally, the consortium will provide Kavach along with a tower and 48 Fiber OFC backbone network between Arakkonam and Jolarpettai for ₹137.92 crore, with a project duration of 540 days. Last week, Western Railways, Ahmedabad, issued a Letter of Acceptance (LoA) to the Kernex Microsystems-KEC consortium for implementing Kavach Version 4.0 (formerly known as Train Collision Avoidance System - TCAS). The project includes setting up a communication backbone using UHF and OFC on the Palanpur–Samakhiyali–Gandhidham section of the Ahmedabad Division. Kernex Microsystems holds a 70 per cent stake in this joint venture. ALSO READ | About Kernex Microsystems Kernex Microsystems specialises in the design, development, and turnkey deployment of advanced electronic systems, primarily for the railway sector. Established in 1991 as a 100 per cent Export Oriented Unit (EOU), the company has built a strong reputation for delivering safety-critical solutions such as level crossing protection systems, anti-collision systems, and train passenger information systems (KTPIS). With deep expertise in embedded systems, Kernex handles end-to-end development—from hardware and software design to testing and integration. ALSO READ | Gold-linked stocks: Manappuram Fin hits all time high, Muthoot Fin gains The company operates from a state-of-the-art 2,60,000 sq. ft. facility that supports research, manufacturing, training, and testing. Its product suite includes LxGuard, TrainSHIELD, SAFELx, Sentinex, Casry, KMDAX, and ATRW, catering to diverse railway safety and automation needs. Kernex Microsystems also offers a wide range of services, including embedded R&D, electronics manufacturing (EMS/CEM), offshore development, and consulting.