The order worth ₹21.03 crore, including GST, has been awarded to Kernex- VRRC joint venture to upgrade the automatic train protection (ATP) technology Kavach from Version 3.2 to Version 4.0.
The railway infrastructure company will work on upgrading the route from Sadashivpet Road to Parbhani station while the stations themselves are not part of the project. It will cover Bidar and Parli Vaijnath stations along the route under South Central Railway.
The project is expected to be completed in 24 months, according to the stock exchange filing.
Shares of Kernex Microsystems, however, are trading in red at ₹1061, down by ₹23.10, or 2.13% from its opening price of ₹1097 on the NSE.
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(Edited by : Vipal Durge)
