Orders for 70km(30%) to kernex have already been allotted or its anticipated?
The 70km was a historical trial order - award year is mentioned in the document.
Believe the key monitorable is the new tender that has been floated for 1200 km worth 190 crores on 8th March 2019 ( http://tender.itiltd-india.com/HYDERABAD/tenders/SCR%20TCAS%20EOI.pdf)
One of the eligibility criteria is:
“Annual financial turnover during the last 3 years, ending 31st March of the previous financial year should be at least 30% of the estimated cost of the EOI and profit making for each of the last 3 financial years.”
Does Kernex qualify the criteria? According to Screener they are a loss-making company for the last 6 consecutive years. Sales doesn’t meet the criteria either.
b11bd849-d535-49f3-8c61-4c6d8f4491cc.pdf (256.8 KB)
Got orders worth INR 57cr from sri lanka railway
Commentary in annual report FY 19 https://www.bseindia.com/bseplus/annualreport/532686/5326860319.pdf
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Order win from Sri Lankan railways worth $8 million = 57 crores
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Tender bidding for 1,200 kms of tracks
While the AR doesn’t specifically the value of tender being bid for, indicative value from the link below appears to be 189 crores. http://tender.itiltd-india.com/HYDERABAD/tenders/SCR%20TCAS%20EOI.pdf
The progress of this tender would be important to track.
Number of shares increased by 15 lakhs. Per share ₹250 is issue price, debt converted to equity.
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Another ₹254 Cr order to Kernex.
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Any news on performance of Kernex? Though their order value is growing but execution is not seen.
As per the latest information in company’s website the total order book is ~Rs.536 crore.
1.PROJECT 1 – NCR-A
Design, Supply, Installation & Commissioning of onboard KAVACH (TCAS) equipment’s in Locomotives & Trackside KAVACH(TCAS) equipment at Station/LC/IBH locations along with entire section 2X24 optic fibre cable backbone, RadioTowers, and associated works. The project to be implemented between ChipyanaBuzurg CPYZ(Excl)-Kanpur CNB(Excl) stations (408.750 KM). The scope of works covers the Supply, Installation and Commissioning of KAVACH(TCAS) in 48 stations and 139 Locomotives. The total value of the contract is 255.22 Cr
2.PROJECT 2 – NCR B
Design, Supply, Installation & Commissioning of onboard KAVACH (TCAS) equipment’s in Locomotives & Trackside KAVACH(TCAS) equipment at Station/LC/IBH locations along with entire section 2X24 optic fibre cable backbone, Radio Towers, and associated works. The project to be implemented between Kanpur CNB(Incl) – Pt Deen Dayal Upadyay DDU(Excl) stations (342.47 KM). The scope of works covers the Supply, Installation and Commissioning of KAVACH(TCAS) in 51 stations and in 158 Locomotives. The total value of the contract is 254.86 Cr
3.PROJECT 3 – TRAIN COLLISION AVOIDANCE SYSTEM (TCAS) FOR FURNISHING DIVISION,INTEGRAL COACH FACTORY(CHENNAI)
Supply, Installation & Commissioning of onboard TCAS equipments in Vande Bharat Express EMUS (Semi high speed electric multiple unit train ) for ICF. The total value of the contract is Rs. 26.84 Cr
The timeline for implementation of the existing order as per the information available is as below:
Looking to the new Railway projects - the business for TCAS will be huge.
hope I am correct @hitesh2710 
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Disc: not invested, invested in HBL power
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