Kernex Microsystems Share Price Hits Upper Circuit on ₹2,041 Crore KAVACH Contract

Kernex Microsystems witnessed a remarkable 5% increase in its share price on December 6, 2024 to ₹1,137.90 on the National Stock Exchange (NSE). This surge followed the announcement of a significant business milestone.

The ₹2,041.40 Crore KAVACH Contract

The company disclosed that it has been awarded a ₹2,041.40 crore contract by Chittaranjan Locomotive Works for the supply, installation, testing, and commissioning of 2,500 sets of On-Board KAVACH equipment. The project is set to be completed by December 5, 2025.

What is KAVACH Equipment?

KAVACH is a cutting-edge train protection and warning system designed to enhance railway safety. This contract underscores Kernex Microsystems’ expertise in advanced technology solutions for the railway sector.

Key Details of the Contract

• Awarding Entity: Chittaranjan Locomotive Works
• Nature of Work: Supply, installation, testing, and commissioning of KAVACH systems
• Order Size: ₹2,041.40 crore
• Timeline: Completion by December 2025
• Type of Contract: Domestic

Strategic Importance

This milestone highlights Kernex Microsystems’ growing footprint in India’s railway modernisation efforts. The company’s capability to secure large-scale government contracts demonstrates its strong technical and operational credentials.

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