Rs 2,697 Crore Order Book: Defence Company Signs MoU with Government of Tamil Nadu (GoTN)
DSIJ Intelligence-1 / 15 Sep 2025/ Categories: Multibaggers, Trending
The stock is up over 40 per cent from its 52-week low of Rs 200 per share.
DCX Systems Ltd has signed a non-binding Memorandum of Understanding (MOU) with the Government of Tamil Nadu (GoTN) to establish a new manufacturing facility for a joint venture company (JVC) at Hosur. This MOU was signed at the 'T N Rising Investment Conclave', in the presence of Tamil Nadu's Chief Minister, Mr. Thiru M K Stalin. The new facility will be a state-of-the-art manufacturing unit, located in one of India's designated Defence Industrial Corridors. The project is aligned with the Tamil Nadu Industrial Policy 2021 and the Tamil Nadu Aerospace and Defence Industrial Policy 2022.
The JVC is a partnership between DCX Systems and ELTA Systems Ltd, Israel, and its group companies, as announced in April 2025. This joint venture is focused on the "Make in India" initiative, and the new facility will be dedicated to manufacturing Airborne Maritime Radar Systems, Fire Control Radar Systems, and other radar systems for both airborne and land-based applications. Through the MOU, GoTN's nodal agency, "Guidance," will provide the JVC with the necessary infrastructural support and regulatory facilitation. This will help the company secure the required permissions, approvals, and incentives, streamlining the establishment and operation of the new manufacturing plant.
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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 3,254 crore and as of June 30, 2025, has an order book of Rs 2,697 crore. The stock is up over 40 per cent from its 52-week low of Rs 200 per share.
Disclaimer: The article is for informational purposes only and not investment advice.