Apollo Micro Systems shares focus on MoU with IIT-Chennai, Indian Navy to accelerate defense technology

Shares of Apollo Micro Systems Ltd could see increased activity in trading on Wednesday, November 26, after the company announced a three-party partnership with IIT-Chennai and the Indian Navy aimed at accelerating the development of domestic defense technology.According to Tuesday’s grant filing, the Memorandum of Understanding is intended to address both the current and emerging operational needs of the armed forces through targeted indigenous R&D. The alliance will work in high-tech areas critical to modern combat, including advanced electronic warfare systems, precision guidance and control technologies, and high-energy weaponry solutions, among others.

Under the arrangement, IIT-Chennai will lead research efforts and develop the core technologies and intellectual property needed to meet complex military requirements. Apollo Micro Systems will assume the role of technology development and manufacturing partner, with responsibility for the transition from laboratory-level innovations to deployable, mission-ready equipment.

The General Directorate of Naval Armaments Inspection will contribute domain expertise, participate in testing and ensure that the systems meet military standards for integration into naval and other defense platforms.

“Together, we are positioned to deliver next-generation solutions that strengthen national security and embody the essence of ‘Make in India’ for the world,” said Karunakar Reddy, Managing Director, Apollo Micro Systems Ltd. He added that this partnership model ensures that new technologies are mission relevant, rigorously tested and ready for use on naval platforms, significantly reducing dependence on foreign imports and strengthening India’s self-reliance in defense capabilities.

The company added that the IIT-Chennai partnership will also extend to advanced technologies intended for the Indian Army, Indian Air Force, space-related programs and other multi-domain applications. In a separate development, the company has received an export order of Rs 17 crore, it said in a regulatory filing on November 22. The company also said that it has bagged an order from DRDO. Apollo Micro Systems’ share price has delivered multibagger returns this year, up 125% this year.

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