Separately, DCX Systems’ wholly owned subsidiary Raneal Advanced Systems Pvt. Ltd. has received purchase orders worth approximately ₹3.09 crore from its customers. The subsidiary’s orders are export orders and involve the manufacture and supply of printed circuit board assemblies.
In March this year, DCX Systems Ltd said it had received a purchase order worth ₹563.45 crore, including taxes, from a domestic customer for the manufacture and supply of maritime patrol radar systems (MPR) for airborne applications. The order was received in the normal course of business, the company said.
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Also, in March, DCX Systems said that it had secured a purchase order worth ₹68.05 crore (including GST) from Hindustan Aeronautics Limited (HAL). The order involves the manufacture and supply of custom-made antennas and power supplies for airborne applications.
According to the official filing, the order is part of routine business operations, with DCX Systems stating that the receipt of such orders is consistent with its operational objectives. The company’s expertise in customised electronic components for defence applications has contributed to its strong order book.
The Bengaluru-based company is primarily engaged in system integration and manufacturing of a comprehensive array of cables and wire harness assemblies, and is also involved in kitting.
Shares of DCX Systems Ltd ended at ₹173.30, down by ₹2.65, or 1.51%, on the BSE.ALSO READ | DCX Systems bags ₹1,250 crore order from Larsen & Toubro for electronic modules
