Kernex Microsystems announced that South Eastern Railways, Kolkata has issued a letter of Acceptance (LOA) to KERNEX-MRT consortium for the project viz, Supply, Installation, Testing &Commissioning of Kavach on GO & GO routes (688RKM) including associated works on section of Kharagpur & Chakradharpur division of South Eastern Railway.

"We would like to inform you that the "South Eastern Railways, Kolkata" has issued a letter of Acceptance (LOA) to KERNEX-MRT CONSORTIUM for the project viz, Supply, Installation, Testing &Commissioning of Kavach on GO & GO routes (688RKM) including associated works on section of Kharagpur & Chakradharpur division of South Eastern Railway," Kernex Microsystems said in a regulatory filing.

The accepted bid project cost for the project is Rs 325.33 crore. Kernex Microsystems is the lead member of the consortium executing this project.