Mumbai, May 3 -- Apollo Defence Industries is a subsidiary of Apollo Micro Systems.

For the year ended on 31 March 2024, IDL Explosives (IDLEL) had recorded a turnover of Rs 623 crore, constituting about 87% of the consolidated turnover of the company and its subsidiaries. The net worth of IDLEL is Rs.10 crore, constituting 0.71% of the consolidated net worth.

The consideration for sale of the entire equity share capital of IDLEL is Rs 107 crore.

The transaction is expected to be consummated in about 2 to 3 months subject to fulfilment of certain conditions laid down in the agreement, the company stated.

GOCL Corporation (GOCL), formerly Gulf Oil Corporation, is a part of the Hinduja Group. GOCL is a multi division, multi-location com...