Apollo Micro Systems unit brings new explosives silo in West Bengal online
Apollo Micro Systems said its subsidiary IDL Explosives has started a 9,000 MT bulk explosives silo near Asansol, according to Mint.
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what happened
Indian defence and aerospace firm Apollo Micro Systems said its subsidiary IDL Explosives has put into operation a bulk explosives storage plant near Asansol in West Bengal. The facility has a capacity of 9,000 metric tons and covers 8.4 acres. The company disclosed the move in a stock exchange filing on Thursday, and the details were reported by Mint.
According to Mint, the shares have risen more than 3,200 percent over five years and about 35 percent over six months. The company's order book stood at roughly Rs 1,704 crore as of mid-2026. Around 35.57 percent of promoter holdings is pledged, which analysts flagged as a financial risk. The second-quarter 2026 results are scheduled for October 24.
why it matters
For markets, this is a company-level development. Added capacity raises spending but does not shift the broader Indian market. Attention will likely focus on the quarterly report, promoter debt and order inflows in the defence sector.
tags
instruments
sources
- Multibagger defence stock commissions new unit; up 3200% in 5 years - strong dividend, stock-split history | Do you own? — Moody's, 22 October 2026 at 12:50 UTC
- Multibagger defence stock commissions new unit; up 3200% in 5-Yrs - has dividend, stock-split history | should you buy? — Moody's, 22 October 2026 at 13:11 UTC
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