DCX Systems shares rise 9% on winning purchase order of Rs 563 crore

DCX Systems

DCX Systems share price jumped 9 percent in the early trade on March 23 following the company received purchase order from a domestic customer amounting to about Rs 563.45 crore.

At 09:18am, DCX Systems was quoting at Rs 178.85, up Rs 15.55, or 9.52 percent, on the BSE.

The said order is for manufacture and supply of Maritime Patrol Radar Systems (MPR) for the airborne application.

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On March 18, the company bagged a purchase order of Rs 12.81 crore to manufacture and supply of cable and wire harness assemblies from a domestic & international customers.

Earlier, in this month, the company won an order worth Rs 68.05 crore from Hindustan Aeronautics to manufacture and supply of custom-made antenna and power supplies for the airborne application.

Also, company announced the expansion of the manufacturing capabilities with the addition of oversized PCB assembly capacity at its wholly owned subsidiary, Raneal Advanced Systems.

The newly enhanced capability enables the company to assemble and test largedimension PCBs, catering to applications mainly in defense & aerospace and industrial electronics and advanced power systems.