Apollo Microsystems Ltd shortlisted for ToT of PRACHAND Munition Hardware, receives order

Shortlisting of the Company for ToT of PRACHAND Munition Hardware (Empty): Apollo Microsystems Ltd has been shortlisted by the Armament Research and Development Establishment (ARDE), DRDO, for Transfer of Technology (ToT) related to the production of PRACHAND Munition Hardware.

PRACHAND is an Anti-Tank Munition with full width attack capability. The technology transfer will enable the Company to manufacture and supply PRACHAND Munition Hardware to Indian Armed forces. The Company is expecting huge market potential for this product and our company is geared up to undertake production in large quantities.

The Company has received the order from Reliable Technosystems India Pvt. Ltd. for supply of Electronic Modules worth Rs. 5.72 crores.

Source : Equity Bulls

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