Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Apollo Micro Systems Ltd. ( (IN:APOLLO) ) has provided an update.
Apollo Micro Systems Limited announced that its step-down subsidiary, IDL Explosives Limited, has received an industrial license under the IDR Act, 1951, to manufacture high-energy explosives Cyclotetramethylenetetranitramine (HMX) and Trinitrotoluene (TNT) at a facility in Rourkela, Odisha, with licensed capacities of 50 MTPA for HMX and 500 MTPA for TNT for a period of 15 years. Management described the license as a strategic milestone that validates the group’s technical and operational capabilities, enhances its ability to meet internal defence-explosive needs, and opens up growth opportunities in both domestic and international markets, strengthening its positioning as a key domestic supplier in support of India’s Atmanirbhar Bharat initiative and potentially boosting its export prospects.
More about Apollo Micro Systems Ltd.
Apollo Micro Systems Limited operates in the defence and industrial technology space through its subsidiaries, including IDL Explosives Limited, which focuses on manufacturing high-energy explosive materials for industrial and defence applications. The group is increasingly aligning with India’s push for self-reliance in defence (Atmanirbhar Bharat) and targeting both domestic and export markets for specialised explosives and related technologies.
Average Trading Volume: 446,061
Technical Sentiment Signal: Buy
Current Market Cap: 76.73B INR
For detailed information about APOLLO stock, go to TipRanks’ Stock Analysis page.