“We are happy to inform you that the company, in the general way of its business, has been declared the lowest bid for an order of Rs.212 crore,” the company said in the exchange filing, “the company said in the exchange filing,” the company said in the exchange filing.
This development comes at a time when the defense sector is increasingly focusing, giving significant support from both the government and the private sector. The deal highlights the role of companies such as Apollo Micro Systems to strengthen India’s self -reliance in the rising importance of indigenous defense production and defense technology.
In recent years, significant attention has been paid to defense stocks, promoting the increasing emphasis on the strategic importance of self -reliance and indigenous capabilities in defense production.
One significant example is that the latest approval of the Indian Air Force to receive 97 LCA Tejas Mark 1A Fighter Jet, which is worth Rs.
Such a large -scale purchase by the Government of India is part of a widespread pressure to strengthen its defense capabilities while promoting local production. In particular, the Tejas program serves as a symbol of India’s growing capabilities in aircraft production, Prime Minister Narendra Modi himself participated in a sorty in a fighter jet.
In the past year, prices have increased by 116.65%. Year-to-ray, increased by 90.34%. In the last six months, prices have increased by 98.23%, while in the last three months, it has increased by 52.44%. In the last month, prices have increased by 24.95%.
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