Apollo Micro Systems has informed exchanges that it has been declared the lowest bidder (L1) by a Defence Public Sector Undertaking for an order valued at ₹25.79 crore.
The company stated that the order was received in the ordinary course of business and will be executed over a period of eighteen months. No further details regarding the nature of the systems or end-use applications were disclosed in the announcement.
Being declared the lowest bidder indicates that Apollo Micro Systems has met the technical requirements of the tender while offering the most competitive commercial terms. As per standard defence procurement procedures, the final order placement remains subject to completion of routine formalities.
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Apollo Micro Systems