Kernex Microsystems India Ltd consortium receives LOAs for orders worth Rs. 209.82 crores

DFCCIL, New Delhi, has issued a letter of Acceptances (LOA) to Kernex Microsystems (India) Limited (Consortium) for Survey, Design, Supply. Installation, Testing and Commissioning of KA VACH (Train Collision Avoidance System), Towers and other Associated works in Double Line Automatic Signalling Section New Boraki-New Khurja In-New Bhaupur-New Unchdih-NewSonnagar (931 Km approx.) of Eastern Dedicated Freight Corridor of DFCCIL.

The accepted Bid cost for the project is Rs. 209.82 Crores (Incl. GST@18%)

The Completion period is 730 days from the date of LoA.

The cumulative orders received along with consortium and N partners from April 1,2024 to till date is Rs, 3,346.35 Crores (incl. GST)

Shares of Kernex Microsystems (India) Limited was last trading in BSE at Rs. 1032.45 as compared to the previous close of Rs. 996.05. The total number of shares traded during the day was 14343 in over 578 trades.

The stock hit an intraday high of Rs. 1038.90 and intraday low of 980.55. The net turnover during the day was Rs. 14528485.00.

Source : Equity Bulls

Keywords

KernexMicrosystemsIndia INE202H01019 KAVACH OrderWin LOA DFCCIL