Apollo Micro Systems (NSE:APOLLO, BOM:540879) has secured orders worth 47 million Indian rupees from Economic Explosives and ARDE- Defence Research and Development Organisation (DRDO), according to a Monday filing to the stock exchanges.
The custom-built electronics and electro-mechanical services provider also emerged as the lowest bidder for guidance, navigation and control (GNC) kit by Munitions India for a project worth 722.6 million rupees.
Shares of the company were up over 4% in recent trade.
Price (INR): â¹111.95, Change: â¹+4.8, Percent Change: +4.50%
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