06
Jul
Hyderabad (Telangana) [India], July 6: Hyderabad-based defence electronics company Apollo Micro Systems Ltd (NSE: APOLLO, BSE: 540879) is set to emerge as a key beneficiary of the Defence Acquisition Council’s (DAC) latest clearance of capital acquisition proposals worth approximately ₹52,000 crore, announced on Friday. The DAC, chaired by Defence Minister Rajnath Singh, granted Acceptance of Necessity (AoN) to multiple programmes across the three services, several of which map directly to Apollo Micro Systems’ product portfolio and development-cum-production partnerships ([PIB](https://www.pib.gov.in/PressReleasePage.aspx?PRID=2280728®=48&lang=1)). For the Indian Navy, the DAC approved procurement of the Multi-Influence Ground Mine (MIGM) — a system for which Apollo Micro…
