Apollo Micro Systems Limited has recently received orders worth INR 75.2 million and has been declared the lowest bidder for orders valued at INR 114.8 million. These developments underscore the company's growing presence in the defence sector, where it specializes in designing, developing, and manufacturing high-performance electronic and electro-mechanical systems.
Key Highlights:
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Order Wins: The company has secured significant orders from both public and private entities, reflecting its strong position in the defence and aerospace industries.
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Lowest Bidder Status: Apollo Micro Systems' success in being named the lowest bidder for multiple defence contracts highlights its competitive pricing and technological capabilities.
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Strategic Partnerships: The company has entered into several strategic partnerships, including with Munitions India Limited and Troop Comforts Limited, to enhance its defence offerings and expand into new markets.
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Financial Performance: Apollo Micro Systems has shown impressive financial growth, with substantial increases in net sales and profit after tax, driven by its expanding order book and strategic investments.
These developments demonstrate Apollo Micro Systems' commitment to strengthening India's defence capabilities while expanding its global footprint.
Source: Reuters, Business Standard, Angel One.