Key Highlights
- IDL Explosives secures bulk explosives running contract worth ₹419.40 crore.
- Export order of ₹1.50 crore received for cartridge explosives supply.
- Total cumulative order value reaches ₹420.90 crore.
- Orders awarded by Coal India subsidiaries and overseas customers.
Apollo Micro Systems Limited has informed stock exchanges that its step-down subsidiary, IDL Explosives Limited, has received new domestic and export orders, strengthening its presence in the industrial explosives segment. The disclosure was made as part of a general business update to shareholders.
IDL Explosives has been awarded a running contract for the supply of bulk explosives to subsidiaries of Coal India Limited. The domestic order is valued at ₹4,193.96 million and is expected to support ongoing mining operations across multiple coal-producing regions.
In addition to the domestic contract, the subsidiary has also secured an export order worth ₹15 million for the supply of cartridge explosives. With these orders, the cumulative value of contracts received stands at ₹4,208.96 million, improving order book strength and offering better revenue visibility over the execution period.