DCX Systems Limited announced that its wholly owned subsidiary Raneal Advanced Systems Private Limited has been granted a 15-year industrial license by the Office of the Development Commissioner, Cochin Special Economic Zone to manufacture high-security defense products.
The shares of DCX Systems Limited were trading at ₹346.90, up by ₹16.50 or 4.99 per cent, on the NSE at 2.45 pm.
The license covers the production, assembly, and testing of microwave submodules for missile subsystems, integration of avionics and defense electronic equipment, and manufacturing of radar and electronic warfare systems. These items fall under the highest security classification, according to the Ministry of Defense Security Manual.
The manufacturing facility will be located in the Aerospace SEZ Sector in Bengaluru. DCX Systems’ Company Secretary Gurumurthy Hegde said the license enables the subsidiary to produce classified and sensitive security products.
This development aligns with India’s push for domestic defense manufacturing.
