DCX Systems Ltd. has received an order worth Rs 1,250 crore from Larsen & Toubro Ltd. for manufacturing and supplying electronic modules. The order is to be executed within a period of three years, the company said in an exchange filing on Monday.
The company is among India’s leading players in the manufacturing of electronic subsystems and wiring harnesses. It is a preferred Indian partner to foreign original equipment manufacturers for carrying out manufacturing projects in the aerospace and defense sector.
Shares of DCX Systems closed 4.69 per cent higher at Rs 378.20 apiece, compared to the NSE Nifty 50’s 0.55 per cent gain. The stock has gained 9.16 per cent since the start of the year and has surged 49.25 per cent in the last year.