India's Apollo Micro Systems rises on unmanned defence aircraft manufacturing permit

Apollo Micro Systems

02/12/2025 05:24

** Shares of Apollo Micro Systems APLL.NS rise 1.4% to 271.90 rupees

** Defence co receives government license to manufacture  equipment under the defence aircraft category, specifically for unmanned helicopter activities and aerial systems

** License is prerequisite for manufacturing opportunities with Ministry of Defence

** Co can now design, develop and produce Unmanned Aerial Vehicles for defence purposes that operate without an onboard human pilot

** Co received 57.69 mln rupees order from Defence Research and Development Organisation in November

** YTD, APLL up 135%

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com;))