Entered a Joint Venture agreement with BHEL - Kernex Microsystems (India) Ltd

Code BSE: 532686 NSE:

has entered a Joint Venture agreement with a) Purpose = For developing Moving Block System integrated with ATS and ATO on the Kavach platform and CTC. b) Shareholding = 51% Kenrex Microsystems (India) Limited and 49% Bharat Heavy Engineering Private Limited in the Proposed Joint Venture. The sharing ratio will be changed as per the scope of the projects