18 Nov 2025 | 5 Mins Read
Apollo Micro Systems subsidiary acquires IDL Explosives
Flipitmoney
Apollo Defence Industries, a subsidiary of Apollo Micro Systems Ltd, acquired IDL Explosives Ltd from GOCL Corporation Ltd, making IDL a step-down subsidiary. Apollo aims to expand and strengthen the defence explosives business. The acquisition comes as Apollo Micro Systems reported a 40% rise in Q2 revenue to Rs 225 crore and a net profit of Rs 33 crore.