DCX Systems JV ELTX expands scope with Tamil Nadu government for defence electronics
DCXINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCX Systems joint venture ELTX Systems signed an additional non-binding MOU with the Government of Tamil Nadu on August 13, 2026, in the presence of the Tamil Nadu Chief Minister, to expand its proposed operations. The expanded scope now covers Electronic Intelligence (ELINT), Communications Intelligence (COMINT) and Communication Systems, alongside the original scope of manufacturing Airborne Maritime Radar Systems, Fire Control Radar Systems, Counter Drone Systems and other Radar and Electronic Warfare Systems under Make in India for global customers.
Positive for shareholders as the JV expansion broadens ELTX defence electronics portfolio and Tamil Nadu manufacturing footprint, though the MOU remains non-binding.