DCX Systems shares rose 3% after the company received a crucial industrial license to manufacture highly sensitive defence and aerospace systems. As of 9:36 AM, the shares were trading 3.04% higher at Rs 293.40.
The license was granted by the Industrial Licensing Section of the Office of the Development Commissioner at Cochin SEZ, operating under the Ministry of Commerce & Industry.
This approval gives DCX the green light to produce, assemble, and test advanced radar and electronic warfare (EW) systems. It also covers avionics and other defence electronic equipment. All operations under this license will be carried out at the company’s facility located within the Aerospace SEZ Sector at the HiTech Defence and Aerospace Park in Bengaluru.
The license is valid for 15 years and permits the company to work with Category-A products, which are classified as top-tier sensitive items by the Ministry of Defence. These are considered critical from a national security standpoint and fall under the highest security norms.
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