Apollo Micro Systems' IDL Explosives Commissions 9,000 MT Plant; Shares Fall 1.79%

Mumbai, October 22: Apollo Micro Systems shares were trading 1.79% lower at ₹388.65 on Thursday after its group company, IDL Explosives Limited, announced the commissioning of a new bulk explosives plant at Bolkunda, near Asansol, West Bengal.

The facility, spread across 8.4 acres, has an installed capacity of 9,000 metric tonnes. It was inaugurated by Baddam Karunakar Reddy, founder and managing director of Apollo Micro Systems, on Thursday

New Plant to Serve Coal Mining Customers

The Bolkunda facility will supply bulk explosives to mining operations of Eastern Coalfields Limited, Central Coalfields Limited and other regional customers. The plant is designed to support the production and delivery of site-mixed bulk explosives, which are prepared for use at mining locations.

The new unit expands IDL Explosives’ network of bulk explosives plants and silos, strengthening its capacity to serve long-term orders from Coal India subsidiaries. The company said the facility would also support timely delivery and improve safety across the supply chain.

Stock Market Snapshot

The Apollo Micro Systems share price was trading 1.79% lower at ₹388.65 on Thursday, October 22, 2026, compared with the previous close of ₹395.75. The stock opened at ₹393.70.

The shares were lower during the session as the company disclosed the commissioning. The price movement alone does not establish a direct link between the announcement and the decline.

About Apollo Micro Systems

Apollo Micro Systems Limited is a Hyderabad-based company that develops and manufactures mission-critical electronic and electromechanical systems for defence and other strategic applications. Its group company, IDL Explosives, operates in the commercial explosives segment.

Conclusion

The commissioning of the 9,000 MT Bolkunda plant expands IDL Explosives’ production and delivery network for mining customers. Its contribution will depend on utilisation and demand from the mining sector.

Source:

• https://www.nseindia.com/get-quote/equity/APOLLO/Apollo-Micro-Systems-Limited
• https://nsearchives.nseindia.com/corporate/APOLLO_22102026113442_AMS_Business_Update.pdf