Rs 3,359 Crore Order Book: Defence Company Bags Multiple International Orders In Just 1 Day Worth Rs 28,60,00,000
The stock is up 54.4 per cent from its 52-week low of Rs 200 per share.
On Tuesday, shares of DCX Systems Ltd jumped 3.90 per cent to Rs 308.80 per share from its previous closing of Rs 297.20 per share with a spurt in volume by more than 1.20 times on BSE.
DCX Systems Ltd secured export purchase orders totalling approximately Rs 28.60 crore from several international customers in the normal course of business, including a Rs 13.60 crore order from ELTA Systems Ltd, Israel, for the manufacture and supply of CIWS Antenna, another Rs 6.33 crore order from ELTA Systems Ltd for Cable and Wire Harness Assemblies, a Rs 3.79 crore order from Rafael Advanced Defence Systems Ltd, Israel, a Rs 2.45 crore order from Elbit Systems Ltd, Israel and orders amounting to Rs 2.43 crore from other overseas customers.
Earlier, the company forged a Joint Venture Agreement with IAI’s ELTA Systems Limited and its affiliates to create a new Indian company focused on designing, developing, and manufacturing advanced radar systems, including airborne maritime and fire control radar, for both airborne and land-based uses under the "Make in India" initiative. This collaboration leverages the existing relationship and complementary strengths of DCX and ELTA, with ELTA holding a 63% majority stake and DCX owning 37 per cent and outlines the initial and future board composition, key management roles nominated by ELTA, an exclusive technology license for "Make in India" projects (excluding certain government contracts), and terms addressing capital, management, IP, options, and dispute resolution.
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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.
The company has a market cap of Rs 3,400 crore and as of December 31, 2024, has an order book of Rs 3,359 crore. The stock is up 54.4 per cent from its 52-week low of Rs 200 per share.
Disclaimer: The article is for informational purposes only and not investment advice.