Apollo Micro Systems has achieved a significant milestone in India’s defense sector by receiving approval from the Defence Research and Development Organisation (DRDO) as the production agency for the Multi-Influence Ground Mine (MIGM) – Vighana under the Defence Corridor Production Policy (DcPP).
In addition, the company has signed a Technology Transfer (ToT) agreement with DRDO for the Omni-Directional multi-EFP warhead, designed for the NASM-SR missile. This strategic collaboration strengthens Apollo Micro Systems’ capabilities in advanced defense manufacturing and underscores its growing role in supporting India’s indigenous defense programs.
The development marks a key step forward in boosting domestic defense production and highlights Apollo Micro Systems as a trusted partner of DRDO in cutting-edge weapon systems.
In the meantime, Apollo Micro Systems shares surged 11.93% today, hitting a high of ₹271.40 from an opening price of ₹243.50, marking a strong intraday performance. The stock, which closed at ₹242.47 yesterday, reached its 52-week peak today, reflecting significant investor interest and positive market sentiment. With a 52-week low of ₹87.99, the stock has shown remarkable growth over the past year.
