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Apollo Micro Systems Ltd. announced a ₹1,500 crore contract through its subsidiary Apollo Defense Industries Private Limited, marking a significant expansion of its business. Following this announcement on January 1, the company's stock rose, trading at Rs 275.05 on the BSE and Rs 274.40 on the NSE as of 12:56 pm.

Additionally, Apollo's step-down subsidiary IDL Explosives Limited secured a Running Contract worth ₹4,193.96 million for bulk explosives for Coal India Limited and an export order for cartridge explosives valued at ₹15 million, totaling ₹4,208.96 million. The company also received approval from DRDO for two Transfer of Technology initiatives related to laser-based Directed Energy Weapons, including a 10 kW multi-channel laser system and an electro-optical tracking system.