Apollo Micro Systems Wins Big: Lowest Bidder for ₹349.70 Million Defense Order from PSUs

Apollo Micro Systems Ltd, a leading player in India’s defense technology sector, has won a significant contract by emerging as the lowest bidder for orders totaling ₹349.70 million from Defence PSUs. This achievement underscores the company's strong capabilities in meeting stringent technical specifications while offering competitive cost-effective solutions, a key factor in India’s push for indigenization of defense manufacturing.

The contract, spanning various Defense PSUs, reflects Apollo Micro Systems’ expanding footprint in the strategic defense electronics and systems market. Though exact details about the order specifics remain confidential, the company’s position as the lowest bidder highlights its credibility and competitive advantage within the defense procurement process.

Over recent quarters, Apollo Micro Systems has shown robust growth, with revenues rising significantly on the back of its order execution and new product developments. The company is successfully transitioning new systems into production, strengthening its long-term prospects.

Additionally, Apollo Micro Systems recently completed a strategic acquisition of IDL Explosives Ltd, a move expected to enhance its product portfolio in the defense and infrastructure sector, underpinning future revenue streams.

Key Highlights:

Apollo Micro Systems declared lowest bidder for defense orders worth ₹349.70 million.

Order placed by multiple Defense Public Sector Undertakings.

Competitive pricing and technical compliance win key for contract award.

Strengthens Apollo’s position in India’s indigenized defense manufacturing ecosystem.

Robust revenue growth backed by healthy order pipeline and product transitions.

Recent acquisition of IDL Explosives Ltd to diversify and augment defense offerings.

Market capitalization and investor confidence boosted by defense sector focus.

Orders enhance long-term revenue visibility and operational scale.

Company engagement with investors includes plant visits and transparency initiatives.

Defense sector growth in India driven by policy support and import substitution push.

Apollo Micro Systems continues to ride the momentum of expanding domestic defense contracts, aligning with India’s national agenda on self-reliance and technological advancement in strategic sectors.

Sources: Angel One, CNBC TV18, Trade Brains, Economic Times, JM Financial