Defence Stock In Focus As Apollo Micro Systems Arm Bags Rs 4,209 Cr Order From Coal India Subsidiaries

Defence stock Apollo Micro Systems (AMS) came into focus on Wednesday after the company informed exchanges about a major order win by its step-down subsidiary, IDL Explosives Limited.

As per the regulatory filing dated December 31, 2025, IDL Explosives has secured a Running Contract (RC) for the supply of bulk explosives to subsidiaries of Coal India Limited, taking the total contract value to Rs 4,193.96 crore.

The order strengthened the company's position in the industrial explosives sector and was given in the regular course of business. IDL Explosives has secured a Rs 15 million export contract for the delivery of cartridge explosives in addition to the domestic order. As a result, the total amount of new orders revealed in the regulatory filing is Rs 4,208.96 crore, demonstrating robust order inflows and enhancing revenue visibility for the Apollo Micro Systems group.

Considering that the Coal India-linked running contract is especially important since it ensures steady demand over a longer period of time rather than a one-time supply, market players are likely to keep a close eye on Apollo Micro Systems stock because consistent order inflows frequently operate as a positive trigger. Coal India subsidiaries continue to be among the largest consumers of bulk explosives, which are essential for mining operations. This deal highlights IDL Explosives' well-established position in the mining and infrastructure ecosystem and strengthens its order book.

Meanwhile, Apollo Micro Systems Limited has strengthened its order book and defence manufacturing visibility by announcing to stock markets that it has obtained new defence-related orders totalling Rs 1,002.47 million in the regular course of business. According to the disclosure dated December 26, 2025, orders for the supply of Unmanned Aerial Systems (UAS), a market with high demand given India's increasing emphasis on domestic defence and surveillance capabilities, have been received from a private company and are deliverable to the Ministry of Defence.

Following the conversion of warrants, Apollo Micro Systems recently obtained trading permission from the NSE and BSE for 35,088 equity shares of Re. 1 each issued on a preferential basis to non-promoters. The shares were listed and allowed to trade on December 26, 2025, after the exchanges' authorization on December 24, 2025. These shares, which have distinctive serial numbers ranging from 335639649 to 335674736, are listed in the EQ series under the scrip code 540879 on the BSE and the symbol APOLLO on the NSE. As per regulatory requirements, the shares will remain under lock-in until July 1, 2026.

The shares of AMS climbed by 4.91% on Wednesday, December 31, from the previous closing of Rs 259.75 to an intraday high of Rs 272.50. The stock started the day at Rs 260.90 today, and at the time the article was written, it was trading at Rs 271.45 with a market capitalization of Rs 9,125.32 Cr and an upside gap of 4.50%.