Defence company AMS emerges lowest bidder for Rs 28.74 crore order

Defence and areospace compay Apollo Micro Systems (AMS) has emerged as the lowest bidder for orders worth Rs 28.74 crores. 

"...has been declared as the Lowest Bidder (L1) for orders worth Rs. 28.74 crores from Bharat Electronics Limited (BEL) and CNA (OF) Pune, Indian Navy," the company said in an exchange filing.

Earlier, the company received an order from Bharat Dynamics - a Government of India Enterprise. 

According to an exchange filing, the is for Software Defined Universal Homing System for Heavy Weight Torpedoes. This first-of-its-kind technology was developed in collaboration with Defence Research and Development Organisation (DRDO).

Also, Apollo Micro System has been declared as L1 for the order from the Controllerate of Naval Armament (OF) for a value of Rs 5.73 crore.