Mumbai, May 27 -- The contract involves the supply, installation, testing and commissioning of onboard Kavach locomotive equipment in accordance with RDSO Specification No. RDSO/SPN/196/2020 Version 4.0 or the latest applicable version.

According to the company, the order is scheduled to be executed within 12 months from the date of the contract. The company also clarified that neither its promoters nor promoter group entities have any interest in the awarding authority and that the transaction does not qualify as a related-party transaction.

Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for railways.

The company reported a 15.88% fall in consolidated net profit to Rs 6.04 cr...