Apollo Micro Systems has informed that the Company, in the ordinary course of its business, has been declared as the lowest bidder by DRDO for orders worth INR 43 Millions and has also been declared as the Lowest Bidder for orders worth INR 349.7 Millions by Defense Public Sector Undertakings. Accordingly, the total value for which the Company has emerged as the Lowest Bidder aggregates to INR 392.70 Million. The company has informed that the Company has been approved for Transfer of Technology (ToT) of Mechatronic Fuze for Grenade by DRDO.
The above information is a part of company’s filings submitted to BSE.
