Apollo Micro Systems Acquires IDL Explosives For ₹107 Crore To Expand Defence Manufacturing

Apollo Micro Systems has announced the acquisition of IDL Explosives Limited from Hinduja Group’s GOCL Corporation for ₹107 crore, marking a significant strategic expansion into the defence manufacturing sector. The agreement, signed on May 2, 2025, is expected to be finalized within two to three months, pending regulatory and corporate approvals.IDL Explosives, established in 2010, is a
Apollo Micro Systems has announced the acquisition of IDL Explosives Limited from Hinduja Group’s GOCL Corporation for ₹107 crore, marking a significant strategic expansion into the defence manufacturing sector. The agreement, signed on May 2, 2025, is expected to be finalized within two to three months, pending regulatory and corporate approvals.IDL Explosives, established in 2010, is a
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