This order may indicate a growing trend of private sector participation in India's defence manufacturing, which could benefit Apollo Micro Systems and similar companies. The significant backlog suggests a strong demand for defence electronics and systems, which may drive growth in the sector.
Indian Defence Sector Boosts Company's Order Book
Apollo Micro Systems has received a confirmed work order valued at Rs 213.39 crore from DRDO and Defence PSUs, adding to its total backlog of Rs 159,904.73 crore. The company’s ability to execute orders and convert them into revenue will be crucial in the near term. This development was reported by an unknown source.
This order may indicate a growing trend of private sector participation in India's defence manufacturing, which could benefit Apollo Micro Systems and similar companies. The significant backlog suggests a strong demand for defence electronics and systems, which may drive growth in the sector.
Indian Defence Sector Boosts Company's Order Book
Apollo Micro Systems has received a confirmed work order valued at Rs 213.39 crore from DRDO and Defence PSUs, adding to its total backlog of Rs 159,904.73 crore. The company’s ability to execute orders and convert them into revenue will be crucial in the near term. This development was reported by an unknown source.