Kernex Jumps on JV Win Kavach Orders Up

  Published 7 months ago

Kernex shares rise 5% to 1,104 rupees as JV acceptance awarded, Kavach orders hit 31.36bn.

  • Consortium with KEC International receives 1.51 bn rupee acceptance, valuing the joint venture at a significant level overall
  • Kernex holds a 70% stake in the joint venture, while KEC shares remain near 832 rupees
  • Year‑to‑date performance shows KMIL down 15% and KECL sliding 30.5%, despite order growth in 2024

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