Shares of multibagger defence electronics company Apollo Micro Systems rose nearly 4 percent after the company announced it had secured an order worth around ₹420 crore from a subsidiary of Coal India Limited. The development boosted investor sentiment, highlighting strong order inflows from public sector undertakings.
The order involves the supply and deployment of advanced electronic and technology solutions for coal mining and related infrastructure operations. The project is expected to be executed over a defined period, providing revenue visibility and strengthening the company’s already robust order book.
Apollo Micro Systems has been a notable performer in the defence and strategic electronics space, benefiting from increased government spending on indigenisation, modernisation, and technology upgrades across defence and core industrial sectors. The latest order further underlines its growing footprint beyond defence into mining and infrastructure-related applications.
Market observers said the contract win reinforces confidence in the company’s execution capabilities and long-term growth prospects, particularly as PSU-led capital expenditure remains strong.