Kernex Microsystems bags ₹15.90 Cr LOI from JSL for tracking system
Kernex Microsystems (India) Ltd. has received a Letter of Intent (LOI) from Jindal Steel Limited (JSL) valued at ₹15.90 Crores (excluding GST). The LOI is for the design, supply, installation, testing, and commissioning of an advanced Yard Safety Management & Automation System, specifically a Torpedo & Loco Tracking System. This proprietary, integrated platform combines real-time tracking, safety interlocking, sensor integration, and AI-enabled software, tailored for large industrial yards. The project marks a significant strategic milestone, diversifying Kernex's operations beyond its traditional railway focus into industrial automation and safety solutions, and strengthening its technology portfolio for future opportunities in sectors like steel, cement, and logistics.
Key Highlights
- Kernex secured a ₹15.90 Cr LOI from Jindal Steel for a Yard Safety Management System.
- The project involves a proprietary Torpedo & Loco Tracking System for industrial yards.
- Marks strategic diversification beyond railway operations into industrial automation.
- Strengthens technology portfolio and opens new opportunities in industrial sectors.
Price Impact
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