Disclosure in regards to the Launch of New Product.
Price
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Apollo Techno Industries has launched a new product called the 'Hydraulic Drill Rig - DR 15' on June 3, 2026. The rig is designed for foundation and ground support projects, including anchors and micropile applications in construction. Key specifications include a 170 HP Ashok Leyland diesel engine, 13.5-ton weight, 6500 Nm torque, and a multi-axis mast system for vertical, inclined, and horizontal drilling. The product is targeted at the domestic Indian market only and supports the company's infrastructure and foundation engineering sector offerings.
This product launch expands Apollo Techno's drilling equipment portfolio and strengthens its position in the domestic foundation and infrastructure equipment market. While it signals continued product innovation, the announcement does not provide revenue projections or order details, so the near-term impact on stock price is likely limited unless future sales traction is demonstrated.