A subsidiary of Apollo Micro Systems has secured a massive sale order valued at ₹5.16 billion, marking a significant milestone in its push into defence-grade explosives manufacturing. This strategic acquisition consolidates its position as a comprehensive defence solution provider, emphasizing India’s self-reliance goals.
Apollo Micro Systems Limited, a prominent name in India's defence and electronics sector, announced that its subsidiary has secured a substantial order worth ₹5.16 billion for industrial explosives. This victory underscores Apollo's strategic pivot towards becoming a full-stack weapon and defence systems manufacturer. The order is expected to significantly enhance its manufacturing footprint, particularly in high-impact explosives, propellants, and missile systems.
The move follows Apollo's acquisition of IDL Explosives Limited, a 64-year-old Indian-owned firm, which now operates as a fully owned subsidiary. This acquisition is part of Apollo’s broader vision to develop indigenous capabilities and reduce dependence on foreign technology. The company’s leadership believes this development aligns perfectly with the government’s "Atmanirbhar Bharat" (self-reliant India) initiative, enabling it to offer integrated solutions across artillery, missile, and high-impact weapon domains.
This strategic expansion not only bolsters Apollo’s defence portfolio but also positions it as a key player in India’s push for self-sufficiency in high-tech defence manufacturing, promising growth, innovation, and national security.
Key Highlights:
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Apollo’s subsidiary secures a ₹5.16 billion order for industrial explosives.
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The order boosts India’s domestic defence manufacturing capabilities.
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Complements Apollo’s vision to become a Tier-I OEM for weapon systems.
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Acquisition of IDL Explosives enhances manufacturing and technological scope.
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Reinforces India’s "Atmanirbhar Bharat" ambition in defence.
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Strengthens Apollo’s industry standing and growth trajectory.
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No related party involved in the transaction.
Sources: CNBC TV18, NDTV Profit, Equity Bulls, Business Upturn, Economic Times