Apollo Micro Systems Stock Rises 2.74% After Navy Device Handover

Apollo Micro Systems handed over its indigenously developed Safety & Detonation Device (SDD) to the Indian Navy, marking a milestone in India's Defence indigenisation under Aatmanirbhar Bharat.

The SDD, previously imported, ensures weapons remain safe during storage, transport, handling, and launch, detonating only under prescribed conditions, and withstands harsh maritime environments.

The handover ceremony was attended by Rear Admiral Rupak Barua, Director General of Naval Inspection, Indian Navy, and company leadership.

The SDD has 100% indigenous content, reduces procurement costs, and is applicable across various weapons and missile programmes, with potential for MRO services.

Shares of Apollo Micro Systems closed 2.74% higher at Rs 388.45 on the day of the announcement.