Mumbai, Dec. 19 -- In a regulatory filing made post market hours yesterday, the company stated that IDL Explosives, a step-down subsidiary of Apollo Micro Systems (AMS), has been granted an industrial license under the IDR Act, 1951, authorizing the manufacture of Cyclotetramethylenetetranitramine (HMX) and Trinitrotoluene (TNT)

The license permits IDL Explosives to manufacture 50 million tonnes of HMX and 500 million tonnes of TMT every year.

The license is valid for a period of 15 years from the date of issuance.

Karunakar Reddy, managing director of Apollo Micro Systems, said: "I am pleased to announce that IDL Explosives Limited, our step-down subsidiary, has been granted the Industrial License to manufacture HMX and Trinitrotoluen...