L&T Awards Rs 1,250-Crore Order To DCX Systems

DCX Systems Ltd. has received an order worth Rs 1,250 crore from Larsen & Toubro Ltd. for the manufacture and supply of electronic modules. The order is to be completed within a span of three years, the company said in an exchange filing on Monday.

The company is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. It has been a preferred Indian offset partner for foreign original equipment manufacturers for executing aerospace and defence manufacturing projects.

Shares of DCX Systems closed 4.69% higher at Rs 378.20 apiece, as compared with a 0.55% advance in the NSE Nifty 50. The stock has risen 9.16% year-to-date and jumped 49.25% in the last year.