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.
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.
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