Solar Industries India Ltd on Friday announced that it and its subsidiary have secured export orders worth ₹1,076 crore for the supply of defence products to international clients.
In an exchange filing dated May 29, the company said the order will be executed over a period of three years.
According to the filing, the contract has been awarded by international clients and relates to the supply of defence products for overseas markets. The company did not disclose the names of the customers due to commercial considerations.
The order is classified as an international contract and will be executed over the next three years. Solar Industries also clarified that neither its promoters nor promoter group entities have any interest in the awarding entities and that the transaction does not fall under related-party transactions.
The latest order further strengthens Solar Industries’ growing defence business, which has emerged as a key growth driver alongside its traditional explosives and mining solutions operations. In recent years, the company has expanded its presence in defence manufacturing through products such as military explosives, ammunition, rockets, drones and other defence systems, benefiting from increasing domestic and global demand.
The order comes at a time when Indian defence manufacturers are witnessing rising export opportunities amid the government’s push to enhance indigenous defence production and increase defence exports.
Solar Industries is one of India’s leading industrial explosives manufacturers and has diversified significantly into the defence sector through its subsidiary ecosystem. The company supplies explosives and blasting solutions to mining and infrastructure industries while also expanding its footprint in defence and aerospace technologies.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors should consult qualified financial advisers before making investment decisions.