New Delhi, July 22 -- Shares of Apollo Micro Systems are likely to attract investors' attention in Thursday's trade (23 July) after the company announced that it had been awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy for the development of the SAVIOR-ASW (semi-submersible autonomous vessel for intelligence, operations, and reconnaissance).

The award marks Apollo Micro Systems' formal entry into the rapidly expanding field of autonomous maritime and underwater warfare systems and represents one of the most significant milestones in the company's indigenous defence technology journey.

Explaining the significance of the project, Apollo Micro Systems said that SAVIOR-ASW is India's first indigenously developed semi-sub...