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Apollo Micro Systems Ltd. ( (IN:APOLLO) ) has shared an update.
Apollo Micro Systems Limited’s subsidiary, Apollo Defence Industries Private Limited, has successfully completed the acquisition of IDL Explosives Limited from GOCL Corporation Limited. This strategic acquisition marks a significant expansion in the defence explosive sector, aligning with India’s Atmanirbhar initiative, and positions Apollo Micro Systems to enhance its capabilities in high-end defence-grade explosives, propellants, and warhead systems, thus strengthening its footprint in the defence industry.
More about Apollo Micro Systems Ltd.
Apollo Micro Systems Limited (AMS), established in 1985 and headquartered in Hyderabad, is a leading technology provider of high-performance, mission-critical solutions for the defence sector. With 40 years of technological excellence, AMS is evolving into a multidisciplinary defence systems powerhouse to drive next-generation innovation.
Average Trading Volume: 1,513,602
Technical Sentiment Signal: Buy
Current Market Cap: 94.59B INR
For detailed information about APOLLO stock, go to TipRanks’ Stock Analysis page.