DCX Systems Scores Major Contract Worth ₹1,250 Crore from Larsen & Toubro

DCX Systems Ltd (DCX), a leading manufacturer of electronic systems and cable harnesses, has secured a significant contract win. The company announced today that it has been awarded a contract valued at ₹1,250 crore (plus applicable taxes) from Larsen & Toubro Limited (L&T), a reputed Indian conglomerate.

This contract signifies a major boost for DCX and underscores its expertise in the manufacturing of electronic modules. The details of the contract specify the manufacturing and supply of these modules, with a project timeline estimated to be completed within three years.

The news triggered a positive response in the stock market, with DCX Systems’ shares surging over 10% to a day high of ₹440.40 at 09:55 AM. This contract win strengthens DCX’s position as a key player in the Indian electronics manufacturing sector and positions the company for continued growth in the coming years.

Previously, the company also received orders worth ₹32,20,87,939 from domestic and overseas customers to supply cable & wire harness assemblies.

During Q4FY2024, the company entered into a Supply and Services Agreement with M/s Israel Aerospace India Services Private Limited for supply and repair services of spare parts and electronic components. (MRO).

The company received a purchase contract/order for US$1.99 million from M/s Lockheed Martin Corporation, USA, and a purchase contract/order for export orders from overseas customers valued at approximately US$55.13 million (equivalent to ₹457.58 crore).

About DCX Systems Ltd

Incorporated in 2011, DCX Systems Ltd is an India-based company engaged in system integration and manufacturing of cables and wire harness assemblies. It is also involved in the kitting and manufacturing of electronic sub-systems, and Cable and wire harness Systems Ltd is in the business of System Integration and Cable and Wire Harnessing.

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