Apollo Micro Systems touches roof on getting DRDO`s approvals for two distinct Transfers of Technology
Apollo Micro Systems is locked its upper circuit at Rs. 249.70, up by 11.85 points or 4.98% from its previous closing of Rs. 237.85 on the BSE.
The scrip opened at Rs. 240.10 and has touched a high and low of Rs. 249.70 and Rs. 238.00 respectively. So far 140465 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 354.65 on 17-Sep-2025 and a 52 week low of Rs. 92.50 on 23-Dec-2024.
Last one week high and low of the scrip stood at Rs. 249.70 and Rs. 220.45 respectively. The current market cap of the company is Rs. 8921.30 crore.
The promoters holding in the company stood at 50.33%, while Institutions and Non-Institutions held 10.40% and 39.27% respectively.
Apollo Micro Systems has received approvals from the Defence Research & Development Organisation (DRDO) for two distinct Transfers of Technology (ToT) relating to Laser Based Directed Energy Weapon (DEW) systems and EO Tracking System for DEW, subject to fulfilment of prescribed conditions.
Directed Energy Weapon (DEW) Systems use high-powered lasers to inflict damage on targets. Compared to traditional weapons, which mainly rely on physical impact and kinetic energy, DEW uses directed energy to heat up and destroy or damage the target. It has diverse military applications, offering rapid and precision strikes against threats such as UAVs, missiles, and small vehicles. The most important aspect of DEW is that it can be used in all warfighting environments.
These technologies will enable Apollo Micro Systems to design, manufacture, and support critical DEW subsystems for defence applications, enhancing indigenous capability in advanced weapon systems. These ToTs strengthen the company’s capabilities in Directed Energy Weapon subsystems, including laser-based engagement systems and electro-optical tracking solutions, and are aligned with India’s defence indigenisation and Atmanirbhar Bharat initiatives.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
