Acquisitions17 Nov 2025, 03:33 pm
Apollo Micro Systems Completes Acquisition of IDL Explosives Limited
AI Summary
Apollo Micro Systems Limited has announced the completion of the 100% purchase of IDL Explosives Ltd. This acquisition signifies the beginning of a strategic consolidation in the defence explosive sector. IDL Explosives Limited, with its deep-rooted legacy in India’s industrial and mining sectors, will now undergo a transformational journey under the leadership of Apollo Group. This acquisition aligns with India’s Atmanirbhar initiative in defence.
Key Highlights
- Apollo Micro Systems Limited has completed the 100% purchase of IDL Explosives Ltd.
- IDL Explosives Limited has manufacturing facilities in Rourkela and many other locations.
- This acquisition signifies the beginning of a strategic consolidation in the defence explosive sector.
- IDL Explosives Limited will undergo a transformational journey under the leadership of Apollo Group.
- This acquisition aligns with India’s Atmanirbhar initiative in defence.