Apollo Micro Systems Ltd., a leading provider of electronic and electro-mechanical solutions, has seen its shares rise nearly 10% following the announcement of new orders and strategic partnerships. The company secured ₹12.07 crore worth of new orders from a private company and has been declared the Lowest Bidder (L1) for a ₹5.97 crore contract from the Ministry of Defence.
This significant achievement strengthens Apollo Micro Systems’ foothold in the defence and aerospace sectors. The company continues to expand its presence by providing innovative technological solutions that contribute to national security.
Moreover, Apollo Micro Systems recently signed Memorandums of Understanding (MoUs) with Troop Comforts Limited and Munitions India Limited on February 11. These collaborations aim to develop and market advanced defence technologies, including cutting-edge Air-Defence systems like Anti-Drone and Anti-Aircraft solutions, which will be supplied to the Indian Defence forces, paramilitary forces, and global markets. Additionally, Apollo has teamed up with Munitions India Limited to co-develop next-generation defence systems for both domestic and international defence applications.
