Breaking News

You are here » Indian-Commodity  :  Investment  :  Kernex Microsystems to form joint venture with Vasistha Constructions

17-Apr2019

Kernex Microsystems to form joint venture with Vasistha Constructions

Kernex Microsystems (India) has received approval for Joint Venture (JV) agreement with Vasistha Constructions for execution the TCAS Project against South Central Railway's tender application.

The 80% shareholding in the proposed JV will be held by Kernex Microsystems (India) and 20% by Vasistha Constructions. The Board of Directors of the Company at its meeting held on April 16, 2019 has approved the same.

Kernex Microsystems (India) is engaged in the business of manufacturing, installing and maintaining of anti-collision systems as well as conceptualizing, designing, and developing certain railway safety and signal systems for Konkan Railways Corporation.


Related News

View all news

Softbank looking to make $2-3 billion investment in Reliance's telecom arm: Reports

Japan's Softbank is reportedly looking to make a $2-3 billion investment in Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) as billionaire Mukesh Ambani looks to deleverage business......

GAIL emerges as highest bidder for IL&FS wind power plants

GAIL (India) has been emerged as the highest bidder for Infrastructure Leasing & Financial Services' (IL&FS) seven operating wind power plants. The bidding process to these assets having......

Reliance's telecom arm emerges as fastest in download speed during March

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has been emerged as the fastest mobile network in terms of download speed during March. According to TRAI data, Jio recorded an average......

Top News

View all news

Tata Global Beverages reports 50% fall in Q4 consolidated net profit

Tata Global Beverages has reported results for fourth quarter and year ended March 31, 2019.The company has reported a marginal rise of 0.19% in its net profit at Rs 53.26 crore for the quarter under review......

NIIT Technologies features as leader in NelsonHall NEAT report 2019

NIIT Technologies has been positioned as a 'Leader' in the Overall market segment for RPA and AI in Banking in NelsonHall NEAT report 2019.This NelsonHall Vendor Evaluation & Assessment Tool (NEAT)......

Maruti Suzuki launches New Alto

Maruti Suzuki has launched the New Alto, which has been India's best-selling car for 15 consecutive years. The New Alto is with enhanced safety features and captivating design and now comes with BSVI compliant......