Kernex Microsystems aims to double revenue this year

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Kernex Microsystems aims to double revenue this year

Kernex Microsystems expects to double revenue its revenue this year as the company is anticipating to get final approvals for the supply of multi-section digital axle to the Indian Railways.

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Manufacturer of safety and signal systems  Kernex Microsystems expects to double its revenue this year as the company is anticipating to get final approvals for the supply of multi-section digital axle to the Indian Railways.

The company provides anti collision device to the Indian Railways and had been allocated funds for the same in the Railway Budget 2011. Colonel LV Raju, managing director, Kernex Microsystems in an interview with CNBC-TV18 said they would be upgrading about 1,800 kms track along the Northeast Frontier Railways which would cost nearly Rs 50-Rs 60 crore this year.

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Below is the verbatim transcript of his interview with Reema Tendulkar of CNBC-TV18. Also watch the accompanying video.

Q: Yesterday the Indian Railways, the ministry said that they have seen a growth of close to about 12-12.5% in this April to June quarter. Since you all provide these anti-collision devices, could you tell us what's the kind of growth you all see as a company particularly since we have seen so many train mishaps now?

A: As far as the approval of the anti-collision to Indian Railways is concerned we are the technology partners of the Konkan Railways.

We should be doing upgradation of about 1800 kms track along the Northeast Frontier Railways costing nearly Rs 50-Rs 60 crore this year.

Besides that Kernex is also doing the 136 gates, which are in progress. The situation in Egypt is normal now and we are going ahead with the project and it is running on time there.

The company is also expecting last minute final approvals for the supply of Multi-section Digital Axle to the Indian Railways and that should give us good revenue. So we expect to double our revenue this year.