Apollo defence subsidiary signs MoU for rocket motor production
Apollo Strategic Technologies Pvt Ltd, a subsidiary of Apollo defence, signed an MoU with Dynamic Engineering USA at DSEI London for rocket motor technology transfer, co-development, and licensed production. Shares rose 3.88% to ₹294, up over 230% from ₹88.10 52-week low. Full-scale production of 122 mm rockets is targeted by mid-2026 under Make in India.