Kernex Microsystems Forms Joint Venture with Bharat Heavy Engineering for Railway Technology Development
Published on: March 7, 2026, 8:21 p.m. | Source: scanx.trade
Kernex Microsystems (India) Limited has formed a joint venture with Bharat Heavy Engineering Private Limited to develop Moving Block System integrated with ATS and ATO on the Kavach platform and CTC systems. The partnership features a 51%-49% shareholding structure in favor of Kernex Microsystems, with flexibility to adjust ratios based on project requirements. The agreement maintains arm's length principles with no impact on Kernex's management control or related party implications.
