Apollo Micro Systems Ltd. Enters into Rs. 252.5 Cr Term Loan Agreement with SBI

Apollo Micro Systems Ltd. (BSE: 540879, NSE: APOLLO), a pioneer in Design, Development and assembly of Custom-Built Electronics and Electro-mechanical solutions, has announced that it has entered into a term loan agreement worth Rs. 252.5 Cr with State Bank of India (SBI). Nature of the Loan is Term Loan (TL) and renewal cum enhancement of the Working Capital (WC) credit facilities. The Total Loan Amount is split as – Term Loan (TL) of Rs. 110 crores for implementation of the upcoming project, Integrated Plant for Ingenious Defence Systems (IPiDS) at Hardware Park, Hyderabad and renewal cum enhancement of the Working Capital (WC) credit facilities of Rs. 142.50 Crores from State Bank of India.

Earlier, in February, the company announced that it performed the groundbreaking ceremony and foundation stone laying for integrated plant for Ingenious Defence Systems (IPiDS).

The company has laid a roadmap to expand its manufacturing infrastructure by augmenting the facilities with capacity expansion in 5 Acres of Land at Hardware Park-2 situated at Pahadi Sharif, Hyderabad, Telangana. Apollo Micro Systems Ltd. intends to manufacture Missiles and its sub-systems and also undertake MRO of the weapons in this facility. The company is also working closely to manufacture Unmanned Aerial Systems and Unmanned Ground Systems through this facility.

This manufacturing facility shall be built on around Five Acres land with total built up area of 3,50,000 Sq. Ft. with end-to-end manufacturing and qualification set-up as per international standards with a Total investment of Rs 210 Crores. The company intends to provide an additional employment to around 400 people.

The Foundation Stone Laying and Groundbreaking ceremony of the facility named IPiDS (Integrated Plant for Ingenious Defence Systems) was performed by the Hon’ble Minister for ITE&C, Industries & Commerce and Legislative Affairs, Government of Telangana, Sri Duddilla Sridhar Babu Garu, on 19th February 2024 in presence of Principal Secretary ITE&C, Industries, and Commerce, Sri Jayesh Ranjan – IAS, Managing Director TSIIC , Sri Vishnu Vardhan Reddy – IFS and Director Aerospace, Government of Telangana, Sri P.A. Praveen.

Hon’ble Minister stated that Telangana is at the forefront and has established itself as a Hub for Aerospace and Defence Manufacturing in India. He mentioned that Telangana has consistently been ranked as the Best State for Aerospace by Government of India and has won the biennial Best State award for Aerospace from Ministry of Civil Aviation 4 times in a row (2018, 2020, 2022, 2024). Additionally, he highlighted that Hyderabad was also ranked No. 1 in cost-effectiveness by Financial Times Global rankings for Aerospace Cities of the Future (2020-21).

Apollo Micro Systems (AMS), established in 1985, is a pioneer in Design, Development and assembly of Custom Built Electronics and Electro-mechanical solutions. AMS offer solutions based on state-of-the-art technologies for Aerospace, Defense & Space as primary customers and also caters solutions for Railways, Automotive and Home Land Security markets. The company is into development of Indigenous technologies and is one amongst the first companies in Hyderabad working for Department of Space and Defence, offering design services. The home-grown technologies are developed for Land, Air & Sea applications for Defence and also for Department of Space. The company also offers state of the art Surveillance Solutions for Home land Security applications.

The company employs around 350 people in permanent roles out of which 150 experienced engineers are exclusively engaged in Design & Development activity. Its wide spectrum of technological solutions and end to end design, assembly & testing capabilities gives it an edge over the competition. The company offers End-to-End Design, assembly and testing services. It has a pool of engineers who demonstrate their design, engineering capabilities and offer Product Life Cycle Support. Its Engineering Services team offers Build to Specifications (BTS) and Build to Print Services (BTP). The company’s vision is “To emerge as a world-class company and a unique solution provider with “Total Solutions Under One Roof“.