Apollo Micro Systems announced that it has received new orders totaling ₹77 crores, boosting investor confidence. The company secured orders from Economic Explosives Ltd and the Defence Research and Development Organisation (DRDO) worth ₹4.7 crores. Additionally, Apollo Micro Systems was declared the lowest bidder (L1) for a GNC Kit project by Munitions India Ltd, valued at ₹72.26 crores.
The company stated via exchange filing –
We are delighted to inform you that the Company has received the orders from Economic Explosives Ltd and ARDE- Defence Research and Development Organisation (DRDO) worth Rs. 4.70 crores. We are also pleased to inform that the company has been declared as the Lowest Bidder (L1) for GNC Kit by Munitions India Ltd, with a project worth of Rs. 72.26 crores
Following the announcement, shares of Apollo Micro Systems rose by 2.37%, trading at ₹109.67 during Monday’s session
