Apollo Micro Systems Limited has informed the Exchange about General Updates
APOLLO · price
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Apollo Micro Systems' step-down subsidiary, IDL Explosives Limited, has secured orders worth INR 4,208.96 Million (~INR 420.9 Crore) in the ordinary course of business. This includes a Running Contract valued at INR 4,193.96 Million for the supply of bulk explosives to subsidiaries of Coal India Limited, India's largest coal mining PSU. Additionally, an export order worth INR 15 Million has been received for the supply of cartridge explosives. The combined order value represents a significant addition to the subsidiary's order book.
This is a sizeable order inflow for IDL Explosives, providing strong revenue visibility and reinforcing the company's position in the industrial explosives segment. For Apollo Micro Systems shareholders, this should be viewed positively as it strengthens consolidated order book, though Coal India linkage means PSU procurement cycles may influence execution timelines.