Overview

• Step-down subsidiary Apollo Strategic Technologies signed the MoU at the DSEI London expo with a US-based engineering firm.
• The pact covers technology transfer, co-development and potential licensed production of rocket motors for BM-21 Grad ER and non-ER variants.
• Apollo framed the move as a key step toward indigenising propulsion for multibarrel rocket launchers.
• The stock rose roughly 3–4% intraday after the announcement, hitting an intraday high near ₹294.
• Recent momentum includes DRDO roles and orders, such as production agency status for MIGM, a warhead tech transfer, a $13.4 million export win and an order book of about ₹735 crore by June 2025.