Kernex Microsystems Secures ₹91 Crore Order from Banaras Locomotive Works
Kernex Microsystems bags Rs 91-cr order from Banaras Locomotive Works
Business Standard
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Kernex Microsystems (India) has received an order worth ₹91.12 crore (approximately $11 million USD) from Banaras Locomotive Works in Varanasi, India. The project involves supplying and commissioning 112 sets of onboard KAVACH locomotive equipment, with completion expected by February 15, 2027.
- 01Kernex Microsystems received a ₹91.12 crore order from Banaras Locomotive Works.
- 02The order includes 112 sets of onboard KAVACH locomotive equipment.
- 03The project is to be completed by February 15, 2027.
- 04Kernex reported a 15.88% drop in net profit despite a significant revenue increase.
- 05The company's stock fell by 0.26% to ₹952.75 on the Bombay Stock Exchange.
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Kernex Microsystems (India) has secured a significant contract worth ₹91.12 crore (approximately $11 million USD) from Banaras Locomotive Works (BLW) located in Varanasi, Uttar Pradesh, India. This order entails the supply, installation, testing, and commissioning of 112 sets of onboard KAVACH locomotive equipment, adhering to the RDSO Specification No. RDSO/SPN/196/2020. The project is expected to be completed by February 15, 2027. Despite this new order, Kernex reported a 15.88% decline in consolidated net profit, totaling ₹6.04 crore, even as revenue surged by 97.23% to ₹72.60 crore in the third quarter of FY26 compared to the same period last year. Following the announcement, the company's stock price decreased by 0.26%, closing at ₹952.75 on the Bombay Stock Exchange.
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This order could enhance railway safety and efficiency, benefiting both the railway sector and the local economy in Varanasi.
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