Apollo Micro Systems Secures Significant Orders from Defence and Government Bodies
Apollo Micro Systems Ltd has secured substantial business orders across various sectors, including the defence establishment, state governments, and private industries. The company has been awarded contracts totaling INR 1343.45 Millions from DRDO, Indian Navy, Defence PSUs, State Governments, and Private Industries as part of its regular operations.The contract wins underscore the company's growing presence in critical industrial markets. Apollo Micro Systems Ltd continued its order accumulation through its subsidiary, IDL Explosives Limited. The step-down subsidiary was awarded a separate contract worth INR 552.20 Million. This work is scheduled to be executed over a period of two years.
The receipt of these contracts provides robust operational updates for the company and shareholders, affirming Apollo Micro Systems Ltd’s capacity in defense and industrial supply chains.
APOLLO Stock Price Movement
Shares of Apollo Micro Systems Limited are slipping by 0.2% as of 1:57 PM, trading at ₹405.1 after shedding ₹0.8 from the previous close. The equity has seen intraday volatility, ranging between a low of ₹401.8 and a high of ₹409.9 so far in live market trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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