Kernex Microsystems India Ltd JV wins order of Rs. 109.465 crore

The South-Central Railway has awarded an Order of Rs. 109.465 Cr to a Joint Venture of the Company i.e. VRRC-KERNEX-CE-RVR JV, for comprehensive signalling and telecommunication works for provision of automatic block signalling system in Vemulapadu - Muddanuru section of Guntakal division in South Central Railway. The Company is partner of the said Joint Venture and the share will be decided at a later stage.

The contract is awarded to the joint venture in which Kernex is member and the part of work is yet to be decided among the members.

Shares of Kernex Microsystems (India) Limited was last trading in BSE at Rs. 580.00 as compared to the previous close of Rs. 572.70. The total number of shares traded during the day was 3225 in over 69 trades.

The stock hit an intraday high of Rs. 580.00 and intraday low of 550.05. The net turnover during the day was Rs. 1823262.00.

Source : Equity Bulls

Keywords

KernexMicrosystemsIndia INE202H01019 JV OrderWin