Jindal Steel Ltd awarded LOI worth Rs. 15.90 crores

Jindal Steel Limited (hereinafter referred as "JSL") has awarded Letter of Intent ("LOI") for the design, supply, installation, testing and commissioning of an advanced Yard Safety Management & Automation System (Le. Torpedo & Loco Tracking System) for an amount of Rs. 15.90 Crores (Excl. GST)

The proposed solution is a proprietary, end-to-end integrated platform developed by the Company, combining real-time locomotive tracking, safety interlocking systems, sensor-hased field integration, and AI-enabled central command and monitoring software. The system has been conceptualised and engineered as a ground-up industrial safety and automation architecture tailored for large-scale industrial yards.

The Company believes that no comparable integrated yard automation and safety solution presently exists in Indian industrial environments at this scale, positioning Kernex as an early mover and technology leader in this emerging segment. The project further validates the Company's capabilities in mission-critical systems integration, industrial automation, software engineering and safety-focused infrastructure deployment.

Kemex continues to remain strongly focused on its core KA VACH business, where a substantial and long-term opportunity pipeline from Indian Railways continues to evolve. The present project represents a natural extension of the Company's established engineering competencies in safety-critical systems design, embedded electronics, sensor integration, realtime monitoring, communications infrastructure and field commissioning capabilities developed through its railway safety operations.

This LOI marks a significant strategic milestone for the Company and reflects its ongoing diversification into advanced technology-driven industrial tracking, monitoring, automation and safety solutions. The project strengthens Kemex's presence beyond its traditional railway-focused operations and demonstrates the Company's growing ability to deliver specialised, high-value engineering and integrated technology solutions for complex industrial applications.

The Company believes that this development will further strengthen its technology portfolio, expand opportunities across emerging industrial sectors, and support long-term sustainable growth through business diversification and expansion into specialised engineering and intelligent automation domains.

Kernex expects significant future opportunities in sectors such as integrated steel plants, coal handling and dispatch yards, aluminium smelters, cement manufacturing complexes, logistics terminals and cargo ports, where industrial yard automation and safety management systems remain largely underpenetrated.

Shares of Jindal Steel Limited was last trading in BSE at Rs. 1219.95 as compared to the previous close of Rs. 1223.30. The total number of shares traded during the day was 69050 in over 3738 trades.

The stock hit an intraday high of Rs. 1254.60 and intraday low of 1211.00. The net turnover during the day was Rs. 85035241.00.

Source : Equity Bulls

Keywords

KernexMicrosystems LOI JindalSteel INE749A01030