Apollo Micro Systems jumps on bagging orders worth Rs 100.25 crore [Electricals]
AI Summary1 min read
TL;DR
Apollo Micro Systems' stock rises after securing orders worth Rs 100.25 crore, providing custom COTS solutions for defense and space with proprietary systems that face no competition.
Tags
Electronics - ComponentsElectricalsApollo Micro Systemsdefense ordersCOTS solutionsproprietary systemsstock performance
The company offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers. The systems undergo various stages of approvals right from design, prototyping, functional acceptance, manufacturing and qualification testing. As the systems are exclusively developed for a programme, the developed systems enjoy proprietary status. Thus specially developed and approved systems have no competition.