DCX Systems Ltd granted industrial license

The Industrial Licensing Section, Office of the Development Commissioner, Cochin Special Economic Zone (CSEZ), EOU's & SEZ's in Karnataka, under the Ministry of Commerce & Industry, Government of India, has granted an Industrial license to DCX SYSTEMS LTD ("the Company") for the manufacturing of the following item(s):.

- Production, Assembly and Testing of Radar Systems and EW Systems.
- Integration and Manufacture of Avionics & Defence Electronic Equipment.

Further, the Industrial License undertaking to manufacture above mentioned items shall be located at Aerospace SEZ Sector, Plot No 29,30 & 107, Southern Block, Hitech, Defence and Aerospace Park, Kavadadasanahalli, Hobli, Devanahalli, Channarayapatna, Bengaluru, Karnataka 562110.

The aforementioned license enables the Company to manufacture items categorized under CATEGORY-A as per the MOD Security Manual. Products falling within this category are considered to be of the highest level of security, and are highly classified and sensitive in nature from a security standpoint.

Shares of DCX Systems Limited was last trading in BSE at Rs. 284.70 as compared to the previous close of Rs. 276.40. The total number of shares traded during the day was 80571 in over 1678 trades.

The stock hit an intraday high of Rs. 287.80 and intraday low of 278.25. The net turnover during the day was Rs. 22958560.00.

Source : Equity Bulls

Keywords

DCXSystems INE0KL801015 Aerospace Defense IndustrialLicense Granted