Apollo Micro Systems Secures Rs 420 Crore in New Orders, Shares Surge
1 hour agoBusiness
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5 SourcesTelangana, India
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Apollo Micro Systems Secures Rs 420 Crore in New Orders, Shares Surge

Apollo Micro Systems shares rose significantly after the company announced new orders totaling approximately Rs 420 crore. These include a substantial contract from a Coal India subsidiary for bulk explosives and an export order for cartridge explosives, awarded to its subsidiary IDL Explosives. The company also recently secured a Rs 100 crore order for Unmanned Aerial Systems for the Ministry of Defence. These wins are expected to enhance the company's order book and revenue visibility.

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