3 days ago
- Business
- Business Standard
Kernex Microsystems JV bags Kavach project worth Rs 311 cr
Kernex Microsystems (India) announced that Kernex- VRCC consortium has received letter of acceptances for the following project of Southern Railways, Chennai:1. Provision of Kavach (Train Collision Avoidance System), in MAS-GDR, MAS-AJJ, AJJ-RU, Sections of Chennai Division in Southern Railway for Rs. 173.11 crore (Incl. GST@18%) 2. Provision of Kavach (Train Collision Avoidance System) along with Tower and 48 Fiber OFC as back bone network in ARAKKONAM (AJJ IN)-JOLARPETTAI (JTJ IN) Section of Chennai Division in Southern Railway for Rs. 137.92 Crores (Incl. GST@18%)The Company is partner of the said Joint Venture with a share of 60%. The accepted Bid costs for the projects are Rs. 311.03 crore (Incl. GST@J8%)Powered by Capital Market - Live News
