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| Exchange Disseminated Time | Kernex Microsystems India Ltd has submitted to BSE a copy of a press note on the allocation of funds for the Anti Collision device provided in the Railway Budget 2011. This is in continuation to the press note issued by the Company post railway budget.
Press Note :
"Railway Budget has since been passed by Parliament. The cost of deploying ACD System in 4 zones is estimated at Rs. 439.20 crores and 4 more zones are also earmarked for ACD System deployment and Rs. 28.75 crores have been allotted as initial allotment. This indicates that the work can start as early as possible in 2011-2012. Additional funds may be allotted on the progress of work, through appropriation, according to procedures and not limited to Rs. 28.75 crores only." |
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