Following a significant breakthrough, DCX Systems’ shares experienced a 16% rise, reaching a record high of ₹440 each early today. The company announced that it has secured an order from Larsen & Toubro Limited worth ₹1,250 crore. This order, which was made public in a filing on Monday, involves the production and distribution of electronic modules.
This is DCX Systems’ second important win in less than two weeks. Previously, it obtained a contract valued at ₹33.2 crore to deliver cable and wire harness assemblies to both local and overseas clients.
DCX Systems specializes in system integration and produces a wide variety of cables, wire harness assemblies and kits. It has established itself as an Indian Offset Partner (IOP) for international original equipment manufacturers (OEMs), mostly in the aerospace and defence industries.
At 10:55 am, MDCX Systems shares were trading 12.10% at ₹425.25.
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