Defence Stock Bags Rs 435.85 Crore Orders for Electronic Kits and PCB Assemblies
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DCX Systems and its wholly owned subsidiary have secured fresh purchase orders worth Rs 435.85 crore across electronic kits, cable and wire harness assemblies, and printed circuit board assemblies
✨ Key Takeaways
On Thursday, Indian benchmark indices ended marginally higher, with the Nifty 50 gaining 34.35 points, or 0.14 per cent, to close at 24,056. Amid the positive market sentiment, shares of DCX Systems Limited declined 3.16 per cent to Rs 191.30 despite the company announcing fresh purchase orders worth approximately Rs 435.85 crore from domestic and international customers.
DCX Systems Secures Rs 431.83 Crore Purchase Orders
DCX Systems Limited informed the stock exchanges that it has received fresh purchase orders aggregating approximately Rs 431.83 crore from its customers in the normal course of business. The orders have been received across multiple product categories and include both domestic and export business.
The largest order, valued at approximately Rs 409.40 crore, is for the supply of Electronic Kits and has been classified as an export order.
In addition, the company received purchase orders worth approximately Rs 22.43 crore for the manufacture and supply of Cable and Wire Harness Assemblies, covering both domestic and export customers.
Wholly Owned Subsidiary Receives Additional Orders
DCX Systems also informed that its wholly owned subsidiary, Raneal Advanced Systems Private Limited, has received purchase orders worth approximately Rs 4.02 crore. The orders relate to the manufacture and supply of Printed Circuit Board (PCB) Assemblies for both domestic and export customers.
Including the subsidiary's order wins, the total value of purchase orders announced by the group stands at approximately Rs 435.85 crore.
Strengthens Defence Electronics Order Pipeline
The latest orders further strengthen DCX Systems' order pipeline across defence and Aerospace electronics. The export order for electronic kits forms the largest component of the announcement, while the cable and wire harness assemblies and PCB assembly orders add to the company's manufacturing portfolio across both domestic and international markets.
The company stated that all the purchase orders have been received in the normal course of business.
About the Company
DCX Systems Limited is a Bengaluru-based defence and aerospace electronics manufacturer engaged in the production and supply of electronic systems, electronic kits, cable and wire harness assemblies and system integration solutions for defence and aerospace customers in India and overseas.
Its wholly owned subsidiary, Raneal Advanced Systems Private Limited, specialises in the manufacture of printed circuit board assemblies for domestic and export markets.
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Disclaimer: The article is for informational purposes only and not investment advice.