Apollo Completes Acquisition Of IDL Explosives

18 Nov 2025 CW Team

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 marks the start of a wider strategic consolidation expected to begin in Q3 FY2026. Through this integration, Apollo Group aims to broaden its presence in the defence industry by adding next-generation capabilities in high-end defence-grade explosives, propellants, and warhead systems. These will complement its existing expertise in weapon system electronics and platforms.

Commenting on the development, Mr Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems Limited, said, “We are truly humbled to be chosen for this strategic acquisition amidst competition, and we pledge to uphold the legacy and value that IDL represents.”

IDL Explosives, with its long-standing legacy in India’s industrial and mining sectors, now enters a new phase of growth under Apollo’s leadership. The acquisition supports India’s Atmanirbhar initiative by strengthening domestic capabilities in defence manufacturing.

With this strategic move, Apollo Micro Systems embarks on the next stage of its evolution as a fully integrated, multidisciplinary defence platform provider, offering end-to-end solutions ranging from weapon system electronics to complete weapon system complexes.

Apollo Micro Systems Limited, established in 1985 and headquartered in Hyderabad, is a leading technology provider of high-performance, mission-critical solutions for the defence sector. Backed by four decades of technological expertise, the company is poised to develop into a multidisciplinary defence systems powerhouse driving next-generation innovation

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 marks the start of a wider strategic consolidation expected to begin in Q3 FY2026. Through this integration, Apollo Group aims to broaden its presence in the defence industry by adding next-generation capabilities in high-end defence-grade explosives, propellants, and warhead systems. These will complement its existing expertise in weapon system electronics and platforms. Commenting on the development, Mr Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems Limited, said, “We are truly humbled to be chosen for this strategic acquisition amidst competition, and we pledge to uphold the legacy and value that IDL represents.” IDL Explosives, with its long-standing legacy in India’s industrial and mining sectors, now enters a new phase of growth under Apollo’s leadership. The acquisition supports India’s Atmanirbhar initiative by strengthening domestic capabilities in defence manufacturing. With this strategic move, Apollo Micro Systems embarks on the next stage of its evolution as a fully integrated, multidisciplinary defence platform provider, offering end-to-end solutions ranging from weapon system electronics to complete weapon system complexes. Apollo Micro Systems Limited, established in 1985 and headquartered in Hyderabad, is a leading technology provider of high-performance, mission-critical solutions for the defence sector. Backed by four decades of technological expertise, the company is poised to develop into a multidisciplinary defence systems powerhouse driving next-generation innovation

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..