DCX Systems share price surged by 12% on Monday, March 23, after the company secured a purchase order from a domestic client valued at approximately ₹563.45 crore.
This order involves the production and delivery of Maritime Patrol Radar Systems (MPR) intended for airborne applications. On March 18, the company also received a purchase order worth ₹12.81 crore to produce and supply cable and wire harness assemblies from both domestic and international clients.
Earlier this month, the company was awarded an order amounting to ₹68.05 crore from Hindustan Aeronautics to manufacture and deliver custom-designed antennas and power supplies for airborne applications.
The company has also revealed plans to expand its manufacturing capabilities by adding oversized PCB assembly capacity at its wholly owned subsidiary, Raneal Advanced Systems.
This upgraded capability allows the company to assemble and test large-format PCBs, primarily supporting applications in defense and aerospace, as well as industrial electronics and advanced power systems.
(more to come)