Kernex Microsystems receives contract from Konkan Railways

Kernex Microsystems India Ltd has announced about the latest developments with respect to the operations of the Company:

1. The Company has executed a Service Contract with M/s. Konkan Railway Corporation Ltd, Mumbai for providing Operational Maintenance and Annual Maintenance Contract services for the Anti-Collision Systems supplied to them and deployed in North Frontier and Konkan Railways.

2. The estimated amount of contract for Operation and Maintenance of ACD systems will be about Rs 28.50 Crores for the period from September, 2005 to March, 2008 and the value of such Contracts will be about Rs 15.00 Crores for the financial year 2007-08.

The stock was trading at Rs.262.10, down by Rs.7.20 or 2.67%. The stock hit an intraday high of Rs.265 and low of Rs.255.85. The total traded quantity was 43180 compared to 2 week average of 19196.

Source : Equity Bulls

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