Kernex Microsystems (India) Ltd, a leading developer of railway safety systems, has reached a landmark by winning a ₹325.33 crore contract for the Kavach Train Collision Avoidance System (TCAS) of South Eastern Railway. The KERNEX-MRT consortium will execute the project, which comprises the supply, installation, testing, and commissioning of Kavach in 688 Route Kilometers (RKM) of the Kharagpur and Chakradharpur divisions. The project period is fixed at 1,000 days.
Key Highlights
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Project Scope: Kavach TCAS deployment on "GO & GO" routes covering 688 RKM to improve railway safety.
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Consortium Leadership: Kernex Microsystems is the leader of the consortium assigned to implement the project.
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Contract Value: ₹325.33 crore (including GST).
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Safety Innovation: Kavach will eliminate collisions, signal passing at danger, and overspeeding, changing railway safety norms.
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Market Impact: Kernex Microsystems' stock jumped by almost 5%, indicating investors' faith in the firm's growth story.
This success highlights Kernex Microsystems' focus on developing railway technology and safety protocols, making it a leader in contributing to India's railway modernization.
Source: CNBC-TV18, Angel One, Economic Times