Kernex Wins ₹100.53 Crore ICF KAVACH Order; Shares Ease

Mumbai, July 14: Kernex Microsystems (India) Ltd. has secured a ₹100.53 crore contract from Integral Coach Factory (ICF), Chennai, to supply and commission onboard KAVACH equipment for Indian Railways, adding another major project to its railway safety portfolio.

According to the company’s exchange filing, the order covers the supply, installation, interfacing with train electronics, testing and commissioning of onboard KAVACH systems in line with RDSO Specification RDSO/SPN/196/2020 Version 4.0, or the latest applicable version. The contract also includes warranty support and comprehensive annual maintenance (CAMC).

The project has been awarded by a domestic entity and is scheduled to be completed on or before March 31, 2028.

The latest win comes as Indian Railways continues expanding the rollout of KAVACH, the indigenous automatic train protection system developed to improve operational safety by preventing collisions and signal-passing incidents. For companies such as Kernex, which specialise in railway signalling and safety systems, the rollout is creating a steady stream of project opportunities.

Stock Market Snapshot

Despite the order announcement, Kernex Microsystems share price remained under pressure during Tuesday’s session.

The stock was trading at ₹2,225.80, down ₹7.60 or 0.34%, as of 1:20 PM IST on July 14.

While investors appeared cautious in the near term, the order adds meaningful visibility to the company’s execution pipeline and further strengthens its presence in India’s railway signalling and safety segment.

Company Background

Kernex Microsystems develops railway signalling, train protection and safety technologies for the rail sector. The company has been closely associated with KAVACH deployments and provides solutions aimed at enhancing railway safety and operational efficiency as Indian Railways modernises its network.

Conclusion

The ₹100.53 crore ICF order reinforces Kernex Microsystems’ role in the government’s ongoing railway modernisation programme. Although the stock traded lower during the session, the contract expands the company’s order book and positions it to benefit from the continued nationwide rollout of KAVACH over the coming years.

Source:

• https://www.nseindia.com/get-quote/equity/KERNEX/Kernex-Microsystems-(India)-Limited
• https://nsearchives.nseindia.com/corporate/KERNEX_14072026113830_Intimation_ICF_13072026.pdf