Shares of Apollo Micro Systems Ltd are trading flat after touching a day’s high of Rs 277.30 on 26th November, even as the company announced a tri-party alliance with IIT-Chennai and the Indian Navy to accelerate indigenous defence technology development.

The company said the MoU aims to solve current and future defence challenges through indigenous research and development. The partnership will work on advanced technologies for modern warfare, including electronic warfare systems, precision-guided munitions, and high-energy armament solutions.

Under the alliance, IIT-Chennai will act as the research lead. They will develop technologies and intellectual property. Apollo Micro Systems will handle product development and manufacturing, turning lab-level concepts into field-ready equipment. The Directorate General of Naval Armament Inspection will provide domain expertise. They will oversee testing and ensure the systems meet military standards for deployment.

Managing Director Karunakar Reddy said the collaboration will help deliver next-generation defence solutions. These solutions will strengthen national security and support the ‘Make in India’ vision. The company added that the tie-up with IIT-Chennai will also extend to advanced technologies for the Army, Air Force, space, and other sectors.

At 10:22 AM, shares of Apollo Micro Systems were trading 0.35% lower at Rs 271.70 on NSE.

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