Shares of Apollo Micro Systems are likely to remain in focus after the company informed exchanges that its step-down subsidiary, IDL Explosives Limited, has secured fresh orders worth ₹420.896 crore in the ordinary course of business.
According to the regulatory filing dated December 31, 2025, IDL Explosives has been awarded a running contract (RC) for the supply of bulk explosives to subsidiaries of Coal India Limited, with the domestic order valued at ₹4,193.96 million. In addition to this, the subsidiary has also received an export order worth ₹15 million for the supply of cartridge explosives. The cumulative value of the orders stands at ₹4,208.96 million, as disclosed by the company .
The orders were received in the normal course of business and are expected to support the explosives segment’s revenue visibility going forward. Coal India remains one of the largest consumers of bulk explosives in the country, used primarily in mining and excavation activities, making the running contract strategically significant for the subsidiary.
Apollo Micro Systems stated that the update has been shared for the information of shareholders, and requested exchanges to take the disclosure on record. The development is likely to keep the stock on investors’ radar as markets assess the execution timeline and potential revenue contribution from the large-ticket order inflow.
