MD letter covers Premier Explosives acquisition and new defence wins
APOLLO · price
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Managing Director's letter to shareholders highlights the acquisition of Premier Explosives, strengthening the company's defence capabilities. Key updates include a Make-II Prototype Sanction Order from the Indian Navy for the SAVIOR-ASW anti-submarine warfare platform, empanelment by the Indian Air Force as Prime Development Agency for the IPREK precision-guided kit programme, and successful delivery of an indigenously developed Safety and Detonation Device to the Indian Navy.
Reinforces Apollo's defence positioning via acquisition and key government contracts, supporting long-term growth and indigenisation narrative.