Apollo Micro Systems announces ₹300 crore greenfield expansion in Hyderabad
APOLLO · price
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Apollo Micro Systems has been allotted 22,988 sq.mts of land in Hyderabad for a greenfield defence manufacturing facility. Land cost is about ₹27.6 crores at ₹12,000 per sq.mt. Estimated total investment of ₹30,000 lakhs (around ₹300 crores) to manufacture Grad Rockets, Anti-Tank Mines, Anti-Submarine Warfare Rockets and Artillery Munitions. Part of MoU with Telangana government. Total campus to expand to 10.68 acres.
Major capex commitment of around ₹300 crores signals strong defence order pipeline; positive for long-term growth.