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AMSL Acquires IDL Explosives for ₹107 Crore to Boost Defence Manufacturing Capabilities.

Economy Business | Dated: 09 May 2025

In May 2025, Apollo Micro Systems Limited (AMSL), based in Hyderabad (Telangana), through its wholly owned subsidiary Apollo Defence Industries Private Limited (ADIPL), entered into a Share Purchase Agreement (SPA) to acquire a 100% equity stake in IDL Explosives Limited.

🎯 Key Highlights:

  • - The acquisition, valued at ₹107 crore, involves the purchase of 78.65 lakh equity shares at ₹136.04 per share from Hyderabad-based GOCL Corporation Limited, which is part of the Hinduja Group. The transaction is expected to be completed within two to three months, pending regulatory and corporate approvals.
  • - This acquisition enhances AMSL's defence manufacturing capabilities, allowing the integration of high-energy materials into its product offerings, specifically in artillery, missile systems, and high-impact weaponry.

💡 Other Important Facts:

  • (i) AMSL's strategy aims to position the company as a Tier-I Original Equipment Manufacturer (OEM) for weapon systems, supporting India's 'Atmanirbhar Bharat' initiative by providing indigenously developed defence solutions.
  • (ii) IDL Explosives, founded in 2010, has over 64 years of expertise in manufacturing bulk and packaged explosives.
  • (iii) The company has primarily served the mining and infrastructure sectors, furthering AMSL's goal to strengthen its position in the defence industry.

📚 Test Your Knowledge:

What is the total amount for which Apollo Micro Systems acquired IDL Explosives?

Correct Answer: ₹107 Crore

🚀 Quick Recap: