Kernex Microsystems bags Rs 68-crcontract from Patiala Locomotive Works

The contract, valued at Rs 67.53 crore, involves deployment of KAVACH systems in accordance with RDSO Specification No. RDSO/SPN/196/2020 (Version 4.0 or latest), the company said in a regulatory filing.

The scope of work includes end-to-end execution covering supply, installation, testing and commissioning of the onboard equipment.

The order is to be executed on or before 15 April 2027.

Kernex Microsystems clarified that the contract has been awarded by a domestic entity and does not fall under related party transactions. The company also confirmed that neither the promoter nor promoter group has any interest in the awarding entity.

Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for railways.

Kernex Microsystems (India) reported a 15.88% fall in consolidated net profit to Rs 6.04 crore despite a 97.23% increase in revenue to Rs 72.60 crore in Q3 FY26 as compared with Q3 FY25.

Shares of Kernex Microsystems (India) rose 0.84% to Rs 1,175.95 on the BSE.