Apollo Completes Acquisition Of IDL Explosives
Apollo Defence Industries Private Limited, a subsidiary of Apollo Micro Systems Limited, has confirmed the successful completion of its full acquisition of IDL Explosives Limited from GOCL Corporation Limited. With this transaction now concluded, IDL Explosives becomes a step-down subsidiary of Apollo Micro Systems. IDL Explosives operates manufacturing facilities in Rourkela and several other locations across India. Apollo Group plans to expand and strengthen the company’s operations in line with its strategic ambitions within the rapidly growing defence explosives sector. The acquisition..
GOCL Completes Sale Of IDL Explosives To Apollo Defence
GOCL Corporation Limited has announced the completion of the sale of its subsidiary, IDL Explosives Limited, to Apollo Defence Industries, marking the conclusion of the divestment process approved by shareholders earlier this year. IDL Explosives operates manufacturing units in Rourkela and several other locations nationwide. Apollo Defence plans to expand and reinforce the business in line with its strategic objectives within the rapidly growing defence sector. With this divestment, GOCL and the Hinduja Group complete their strategic exit from the explosives and detonators portfolio. Last y..
RMC Reports Strong H1 Growth Driven By Solar And Electrical EPC
RMC Switchgears Limited, a fast-growing provider of integrated electrical and renewable-energy solutions, has reported its consolidated financial results for the first half of FY2025–26, registering a strong 112 per cent year-on-year increase in revenue supported by accelerated execution across key business verticals. RMC recorded Revenue from Operations of Rs 2.22 billion in H1 FY26, up from Rs 1.05 billion in H1 FY25. The growth was led by strong Solar EPC execution and steady performance in Electrical EPC and Electrical Products. The Cost of Goods Sold rose to Rs 1.67 billion from Rs 641..
