Kernex Secures ₹15.90 Crore Jindal Steel LOI; Shares Rise 2.32%

Mumbai, May 29: Kernex Microsystems (India) Ltd. has received a letter of intent (LOI) from Jindal Steel Ltd. for the design, supply, installation, testing and commissioning of an advanced Yard Safety Management and Automation System valued at ₹15.90 crore.

The company disclosed on May 28, 2026, that the project involves deployment of a Torpedo and Loco Tracking System designed for large-scale industrial yards. The solution integrates locomotive tracking, safety interlocking systems, sensor-based field integration and AI-enabled monitoring software into a single platform.

According to the filing, the contract has been awarded by Jindal Steel and is domestic in nature. A formal work order is expected to follow.

The order marks Kernex’s expansion beyond its traditional railway safety business into industrial automation and safety infrastructure. The company said the project builds on capabilities developed through its railway signalling and safety operations, particularly in mission-critical tracking and monitoring systems.

Stock Market Snapshot

Investor sentiment remained positive after the disclosure of the order win.

As of 09:03:58 IST on May 29, 2026, Kernex Microsystems shares were trading at ₹1,520, up ₹34.50 or 2.32% from the previous close, according to exchange data.

The Kernex Microsystems share price extended gains in early trade as investors reacted to the new order and its potential to diversify the company’s revenue base beyond railway-focused projects.

Market participants also appeared encouraged by the company’s efforts to expand into industrial automation, a segment that could provide additional growth opportunities alongside its core railway safety business.

Company Background

Kernex Microsystems is primarily engaged in railway safety and signalling technologies, with a strong focus on India’s Kavach automatic train protection ecosystem.

Over the years, the company has developed expertise in embedded electronics, sensor integration, communication infrastructure and real-time monitoring systems. These capabilities have positioned it among the beneficiaries of increasing investments in railway safety modernisation.

The latest order from Jindal Steel indicates a broader application of those technologies in industrial environments where automation, asset tracking and safety management are becoming increasingly important.

Conclusion

The ₹15.90 crore LOI from Jindal Steel provides Kernex with an entry into industrial yard automation while reinforcing the commercial relevance of technologies originally developed for railway safety applications.

Although modest in size relative to long-term infrastructure opportunities, the project represents a strategic diversification step and highlights potential demand for integrated tracking and safety solutions outside the rail sector.

Source:

• https://www.nseindia.com/get-quote/equity/KERNEX/Kernex-Microsystems-(India)-Limited
• https://nsearchives.nseindia.com/corporate/KERNEX_28052026182447_IntimationLoIJSL.pdf