Apollo Micro Systems Strengthens Defence Portfolio with IDL Explosives Acquisition

Apollo Micro Systems Limited has acquired IDL Explosives Limited through its subsidiary, Apollo Defence Industries Private Limited. The acquisition gives Apollo 100% ownership of IDL Explosives, previously owned by GOCL Corporation. This strategic move enhances Apollo's capabilities in defence-grade explosives, propellants, and warhead systems, complementing its existing expertise in weapon system electronics. IDL Explosives operates manufacturing units in Rourkela and other locations. The acquisition aligns with Apollo's growth strategy in the defence sector and marks GOCL Corporation's exit from the explosives business as it shifts focus to become an energy company.