Kernex Microsystems India Ltd - KEC consortium receives LOA for KAVACH order

Kernex Microsystems India Ltd has announced that the "West Central Railways, Bhopal" has issued a letter of Acceptances (LOA) to KERNEX-KEC Consortium for Provision of KAVACH (indigenous ATP system) on UHF backbone along with OFC with route diversity in Itarsi (Excluding)-Khandwa(Excluding), Bina (Excluding)·Ruthiyai and associated sections of Bhopal Division, West Central Railway.

The accepted Bid cost for the project is Rs. 151.41 Crares (incl. GST@18%)

The Completion period is 600 days from the date of LoA.

The cumulative KAVACH orders received along with consortium and N partners from April 1, 2024 to till date is Rs.3, 136.53 crares (incl. GST)

Shares of Kernex Microsystems (India) Limited was last trading in BSE at Rs. 1104.55 as compared to the previous close of Rs. 1054.10. The total number of shares traded during the day was 68955 in over 1396 trades.

The stock hit an intraday high of Rs. 1106.80 and intraday low of 1001.40. The net turnover during the day was Rs. 71802649.00.

Source : Equity Bulls

Keywords

KernexMicrosystemsIndia INE202H01019 KEC Consortium OrderWin KAVACH