Rs 1,937 Crore Order Book: Defence Company Is Granted Industrial License For Production Of Missile Submodules, Avionics & Radar Systems
The stock is up by 47.85 per cent from its 52-week low of Rs 235 per share.
DCX Systems Limited announced that its wholly owned subsidiary, Raneal Advanced Systems Private Limited, has been granted an industrial license by the Industrial Licensing Section of the Office of the Development Commissioner Cochin Special Economic Zone (CSEZ), EOU’s & SEZ’s in Karnataka. This license authorizes the Company to manufacture the following items:
- Production, Assembly, and Testing of Microwave Submodules for command and guidance units for Missile Subsystems
- Integration and Manufacture of Avionics & Defense Electronic Equipment
- Production, Assembly, and Testing of Radar Systems and EW Systems
These products will be manufactured at the Company's facility located in the Aerospace SEZ Sector, Plot No 29,30 & 107, Southern Block, Hitech, Defense and Aerospace Park, Kavadadasanahalli, Hobli, Devanahalli, Channarayapatna, Bengaluru, Karnataka 562110.
This industrial license will enable Raneal Advanced Systems Private Limited to manufacture products falling under Category A of the MOD Security Manual. These products are highly sensitive and classified in nature, requiring the highest level of security. The license is valid for a period of 15 years.
About the Company
DCX Systems Ltd., established in 2011, is a leading Indian company specialising in system integration, cable and wire harness manufacturing, and kitting. Renowned as a trusted Indian Offset Partner (IOP) for foreign original equipment manufacturers (OEMs), particularly in the aerospace and defence sectors, DCX Systems has forged strong partnerships with companies such as ELTA Systems Limited and Israel Aerospace Industries Limited (IAI Group). With a diverse customer base spanning Israel, the United States, Korea, and India, DCX Systems offers a wide range of products and services to clients in the defence industry, multinational corporations, and startups.
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The company collaborates with OEMs in Israel and the US to supply products for aerospace and defence programs, both offset and non-offset. DCX Systems' extensive customer portfolio includes domestic and international OEMs, private companies, and public sector undertakings in India, catering to sectors ranging from defence and aerospace to space ventures and railways. Notable customers include IAIELTA Systems Ltd, Bharat Electronics, IAI, RAFAEL Advanced Defense Systems Ltd, DCX-CHOL Enterprises Inc., ALPHA-ELSEC Defense & Aerospace Systems Pvt Ltd, Alpha Design Technologies Pvt Ltd, Lockheed Martin, SFO Technologies, Astra Rafael Comsys Pvt Ltd, Astra Microwave Products Ltd, METEK and more.
On Tuesday, shares of DCX Systems Ltd were locked in a 5 per cent upper circuit to Rs 347.45 per share from its previous closing of Rs 330.95 with a spurt in volume by more than 5 times on BSE. The company has a market cap of Rs 3,870 crore and as of June 30, 2024, has an order book of Rs 1,937 crore. The stock is up by 47.85 per cent from its 52-week low of Rs 235 per share. Investors should keep an eye on this defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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