APOLLO MICRO SYSTEMS GETS ORDER FROM INDIAN NAVY FOR UNDERWATER WARFARE PROROTYPE

$APOLLO has been awarded a Make-II Prototype Sanction Order by the Indian Navy towards the design, development and prototype demonstration of an autonomous semi-submersible maritime platform for intelligence, operations and reconnaissance. The project, named Semi-Submersible Autonomous Vessel for Intelligence, Operations and Reconnaissance - Anti-Submarine Warfare (SAVIOR-ASW), marks the company's entry into autonomous maritime and underwater warfare systems. Having a market cap of Rs 14,602 crore, the company has delivered a 3-year sales growth of 45% CAGR and profit growth of 76% CAGR. With such new orders on hand, the company's sales and profitability is expected to increase in the coming years.