Kernex Microsystems has secured an order worth ₹475.21 Crores from Chittaranjan Locomotive Works for the supply, installation, testing, and commissioning of On-board KAVACH Loco Equipment. The order, awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enhances the company's revenue visibility in the railway safety sector. The equipment must be supplied as per RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or latest.

Order Details

The contract is a domestic award with a stipulated execution timeline of 12 months from the date of the contract. Chittaranjan Locomotive Works, a locomotive manufacturing unit under Indian Railways, is the entity awarding the order. The project scope encompasses the full deployment cycle of the KAVACH system, which is a critical collision avoidance technology.

Significance

This order reinforces Kernex Microsystems' position as a key supplier in the railway electronics domain. The deployment of KAVACH technology is vital for safety upgrades across the Indian Railways network. The company confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.

Kernex Microsystems has announced a major contract win, securing an order valued at ₹67.53 crore from the PCMM Office Patiala. The comprehensive contract involves supply, installation, testing and commissioning of on-board KAVACH locomotive equipment, with execution scheduled for completion by April 15, 2027.

Contract Specifications

The order encompasses comprehensive services for KAVACH locomotive safety systems based on RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or latest. The contract represents a complete end-to-end solution covering all phases from supply through final commissioning of the safety equipment.

Regulatory Compliance

The company has disclosed this order under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows SEBI Master Circular requirements, ensuring complete transparency regarding this significant business development for stakeholders.

KAVACH Technology Significance

The KAVACH system represents advanced safety technology designed for Indian Railways operations. This on-board locomotive equipment plays a crucial role in enhancing railway safety standards and operational efficiency. The system is part of India's broader initiative to modernize railway infrastructure and improve safety protocols across the network.

Business Impact

This substantial domestic order reinforces Kernex Microsystems' position in the railway technology sector. The ₹67.53 crore contract demonstrates the company's capability to handle large-scale railway safety equipment projects with comprehensive service delivery. The three-year execution timeline provides revenue visibility and showcases the company's established relationships with railway authorities.