20-Aug-2026      11:33

Kernex Microsystems secures Rs 31.87 crore order from Integral Coach Factory for Kavach system upgrades

Kernex Microsystems (India) Ltd. currently trades at Rs 1873.9, after declining 16.44% over the last week. Kernex Microsystems (India) Limited announced that it has been awarded an order valued at Rs 31.87 Crores (including GST) from Integral Coach Factory, Chennai, for the supply, installation, testing, and commissioning of On-board Kavach system upgrades from version 3.2 to 4.0, as per RDSO Specification No. RDSO/SPN/196/2020, including warranty and CAMC. The order, which is expected to be completed on or before March 31, 2027, represents a domestic contract and does not involve any related party transactions. Trading volume reached 1.55 lakh shares today, a decrease of 93.13% compared to the one-week average volume. Kernex Microsystems (India) Ltd surged by 76.85% year-over-year, outperforming the NIFTY50 index's 3.61% loss.

News source: Capital Market - Live News