Shares of Apollo Micro Methods Ltd rallied 9% to a day’s excessive of Rs 326.40 on twelfth September after the corporate introduced that its step-down subsidiary had secured a defence know-how deal in the USA.
Apollo Micro Methods stated its subsidiary, Apollo Strategic Applied sciences Pvt Ltd (ASTPL), signed an MoU with Dynamic Engineering and Design Inc, USA. This occurred on tenth September 2025 on the DSEI London exhibition. The settlement covers know-how switch, co-development, and potential licensed manufacturing of rocket motors for BM-21 Grad ER and non-ER rockets.
The deal is a step towards indigenising propulsion applied sciences for multi-barrel rocket techniques, supporting India’s Make in India defence initiative. Apollo has already developed a 122mm rocket warhead in-house, with trials beginning quickly and full-scale manufacturing anticipated by mid-2026.
This collaboration will combine indigenous warheads with domestically produced rocket motors. This makes Apollo Micro Methods one of many few non-public Indian corporations to supply a totally in-house developed rocket system. Furthermore, it strengthens India’s position within the world defence provide chain.
At 2:51 PM, the shares of Apollo Micro Methods had been buying and selling 8.51% increased at Rs 323.25 on NSE.
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