Kernex Microsystems (India) Ltd has secured a ₹100.53 crore (including GST) contract from the Integral Coach Factory (ICF), Chennai, for work related to the on-board KAVACH system, as per an exchange filing dated July 14, 2026.
The company informed the stock exchanges that the order will be executed on or before 31 March 2028. The contract has been awarded by a domestic entity and forms part of Indian Railways' ongoing procurement of train protection systems.
The order covers the supply, installation, interfacing with trainset electrical systems, testing and commissioning of on-board KAVACH equipment.
Besides installing the equipment, Kernex Microsystems will also provide warranty support and Comprehensive Annual Maintenance Contract (CAMC) services under the agreement.
Integral Coach Factory, one of Indian Railways' major coach manufacturing units, has awarded the contract for equipping trainsets with the KAVACH system. The technology is to be integrated with the train's electrical systems before testing and commissioning.
The filing states that the contract relates specifically to on-board equipment and includes all activities required before the systems are ready for operational use.
In its filing, the company said the contract is domestic in nature. It also clarified that no promoter, promoter group or group company has any interest in the awarding entity, and the order does not fall within the scope of a related-party transaction.
These disclosures were made as part of the requirements under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations.
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As of July 14, 2026, 3:30 pm, Kernex Microsystems (India) Ltd share price closed at ₹2,183.00, down 2.26% from the previous closing price.
The contract covers the supply, installation, testing and commissioning of on-board KAVACH equipment for ICF trainsets. The project, valued at ₹100.53 crore, is scheduled for completion by 31 March 2028.
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Published on: Jul 14, 2026, 5:03 PM IST
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