Apollo Micro Systems Ltd (AMSL) announced recently that it has bagged significant new contracts in the defense sector, totaling over ₹100 crore. The orders specifically involve the supply of Unmanned Aerial Systems (UAS).
According to a regulatory filing submitted to the stock exchanges, the company received orders amounting to ₹1,002.47 million ($100.25 crore) from a private entity. These systems are ultimately destined for the Ministry of Defence.
Key Highlights:
Contract Value: ₹100.25 Crore (₹1,002.47 million).
Product: Unmanned Aerial Systems (Drones/UAVs).
Timeline: The company is expected to execute and deliver the orders within a tight window of four months.
End User: The Indian Ministry of Defence.
This latest win underscores AMSL’s growing footprint in the indigenous defense manufacturing space. The rapid execution timeline of 120 days suggests a high level of operational readiness for the company’s production lines.
Following the announcement, investors will be closely watching the company’s performance as it scales its contribution to India's "Atmanirbhar Bharat" (Self-Reliant India) initiative in defense technology.
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