This amidst the growing prominence of Kavach, an indigenous railway signalling system developed by Indian Railways in collaboration with local companies. The proposed acquisition involves the sale of a partial stake by Kernex Microsystems' promoters, granting the new management board control and majority ownership.
These recent developments have sparked optimism among investors, as the government focuses on prioritizing safety measures and the deployment of the Kavach system. These companies are well-positioned to benefit from potential government contracts