Kernex Microsystems jumps over 7%, HBL Engg shares also rise; why select railway stocks are surging

TCAS stands for Train Collision Avoidance System (TCAS).

These projects are aimed at strengthening safety, signalling, and communication infrastructure across its network. The sanctioned works include provision of Kavach on locomotives, expansion of the optical fibre cable network, and replacement of panel interlocking with electronic interlocking systems.

The ministry said in a statement that Kavach equipment, which prevents train collisions, will be installed on 232 locomotives in Southern Railway at a cost of ₹208 crore.

Indian Railways has also sanctioned three works in Northern Railway at a total cost of ₹400.86 crore for strengthening the communication backbone infrastructure. This will cover three works, including the provision of fibre cables in Ambala, Delhi, and Lucknow divisions.

"The works aim to enhance the capacity and reliability of communication systems across divisions, which are critical for modern signalling and Kavach deployment," the rail ministry said in a statement.

Railways has also sanctioned two itemised works in South Central Railway at a total cost of ₹578.02 crore for the replacement of panel interlocking with electronic interlocking systems. The ministry said all the sanctioned projects are part of the broader effort to modernise Indian Railways with a focus on safety, reliability, and capacity enhancement.

Key railway stocks linked to Kavach Project

How shares are faring

Kernex Microsystems was trading over 7% higher at ₹1,049 apiece on the NSE, while HBL Engineering shares were trading at ₹680.10, up 0.75%.