Kernex Microsystems (India) Limited announced that it has received a Letter of Intent worth ₹15.90 crore (excluding GST) from Jindal Steel Limited for an advanced Yard Safety Management & Automation System.
The order includes the supply, installation, testing, and commissioning of an advanced Yard Safety Management & Automation System, including a Torpedo & Loco Tracking System.
The proposed solution is a proprietary end-to-end integrated platform developed by Kernex Microsystems. It combines real-time locomotive tracking, safety interlocking systems, sensor-based field integration, and AI-enabled central command and monitoring software.
According to the company, the platform has been specifically engineered for large-scale industrial yards and is aimed at improving operational safety, monitoring, and automation capabilities.
The company said it continues to remain focused on its core KAVACH railway safety business, where long-term opportunities from Indian Railways continue to expand.
However, the Jindal Steel project marks an important strategic step in diversifying industrial automation and intelligent safety solutions beyond the railway sector.
The company added that the project supports its long-term growth strategy through business diversification and expansion into specialised engineering and intelligent automation solutions.
As of May 28, 2026, at 12:10 PM, Kernex Microsystems (India) share price was trading at ₹1,515.50, up 2.15% on the BSE.
The company’s current market capitalisation stands at ₹2,541.03 crore. Over the last five years, the stock has delivered multibagger returns of around 2,310% to investors.
The recent order from Jindal Steel marks a significant milestone for Kernex Microsystems as it expands beyond railway safety systems into industrial automation. The project strengthens the company’s positioning in intelligent safety and monitoring solutions while opening opportunities across multiple industrial sectors.
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Published on: May 29, 2026, 12:57 PM IST
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