Apollo Micro Systems Ltd receives order worth Rs. 10.90 crores from Bharat Dynamics Ltd

APOLLO MICRO SYSTEMS LIMITED has received an order worth Rs. 10.90 Crores from M/s. Bharat Dynamics Limited.

This order is for state-of-the-art Software Defined Universal Homing System for Heavy Weight Torpedoes. This first-of-its-kind technology was developed in collaboration with DRDO. The order marks the beginning of production from M/s. Bharat Dynamics Limited, who are nominated agency for the production of the entire torpedo. Our company is the only qualified vendor for this Homing System as on this date. These Heavy Weight Torpedoes will be integrated into Strategic Submarine Programme(s), and we are proud to be part of this significant project.

The company has adapted this technology for Light Weight Torpedoes in collaboration with M/s. Bharat Dynamics Limited, the official production partner for these torpedoes as nominated by DRDO. This next-generation Homing System, with its highly advanced features, is designed to counter complex underwater threats and will be one among the best in the Light Weight category globally. Additionally, we would like to highlight that Heavy Weight Torpedoes are included in the Ministry of Defence's Embargo List, which encourages the induction of indigenous systems into the Indian Armed Forces.

The Company has also successfully developed and produced underwater warfare products such as Signal processing for Expendable Decoys, which are already in production and have been inducted into the Indian Navy. Furthermore, we have developed Underwater Mines, with technical trials successfully completed and user trials commencing soon.

This project will significantly strengthen the Company's position in the underwater warfare sector. Our expertise in Homing Systems spans 30 years, with the last six years dedicated to developing this specific Universal Homing System. The current production order is the start of a larger requirement for this class of Heavy Weight Torpedoes, which will be equipped on all strategic submarines. We are fully prepared to meet the demand for large-scale production, with our UnitIII facility on track to be commissioned by February 2025 at Hardware Park, Hyderabad.

Source : Equity Bulls

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