Apollo Micro Systems Emerges as Lowest Bidder for ₹39 Crore Defence Orders; Share Price in Focus

Apollo Micro Systems Limited has announced that it has been identified as the lowest bidder for multiple defence-related projects in the ordinary course of its business. The recognition reflects the company’s continued efforts to strengthen its presence and capabilities within India’s defence manufacturing sector.

Lowest Bidder Recognition by DRDO and Defence PSUs

The company has been declared the lowest bidder by the Defence Research and Development Organisation (DRDO) for projects worth ₹43 million and by various Defence Public Sector Undertakings for projects valued at ₹349.7 million. In total, Apollo Micro Systems has emerged as the lowest bidder for projects amounting to ₹392.7 million.

The company has further received approval from the Defence Research and Development Organisation (DRDO) for the Transfer of Technology (ToT) related to the Mechatronic Fuze for Grenades. This development marks a significant step towards enhancing the company’s technical expertise and participation in advanced defence manufacturing.

About the Company and Recent Developments

Apollo Micro Systems Limited is a leading Indian company engaged in designing, developing, and manufacturing high-performance electronic and electro-mechanical systems for defence, space, and industrial applications. 

With a strong focus on innovation and indigenous technology, the company caters to prestigious clients, including DRDO, Defence Public Sector Undertakings, and other government agencies, contributing significantly to India’s self-reliance in advanced defence technologies.

Read More: Apollo Micro Systems Share Rises More Than 9%!

Apollo Micro Systems Share Price Performance 

As of October 16, 2025, at 11:16 AM, Apollo Micro Systems share price is trading at ₹291.30 per share, reflecting a surge of 0.052% from the previous day's closing price. Over the past month, the stock has declined by 15.26%. The stock's 52-week high stands at ₹354.70 per share, while its low is ₹87.99 per share.

Conclusion

Apollo Micro Systems’ recognition as the lowest bidder and DRDO’s approval for technology transfer underline its growing role in India’s defence manufacturing ecosystem. These achievements strengthen its market position and reflect the company’s commitment to innovation, technological advancement, and long-term contribution to the nation’s defence capabilities.

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