Solar Industries Wins ₹1,400 cr Global Defence Order

Solar Industries India has obtained a significant defence supply contract valued at Rs 1,400 crore from international clients. The identities of the clients have been kept confidential.

This order, issued by international organizations, pertains to the provision of defence products and will be fulfilled over a span of 4 years. The company has stated that neither its promoters nor the promoter group holds any interest in the awarding entities, and this transaction does not qualify as a related-party transaction.

Solar Industries India primarily specializes in the production of a comprehensive range of industrial explosives and explosive initiating devices. It manufactures various forms of packaged emulsion explosives, bulk explosives, and explosive initiating systems.

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The company's consolidated net profit surged by 20.7% to Rs 344.97 crore, alongside a 21.4% increase in revenue from operations to Rs 2082.22 crore in Q2 FY26 compared to Q2 FY25. Shares of Solar Industries India decreased by 0.28% to Rs 13,878.30 on the BSE. Over the years, it has expanded into advanced defence products, including high-energy materials, propellants, warheads, rockets, ammunition, and loitering munitions (drones).

With manufacturing facilities located throughout India and a robust international presence, Solar Industries caters to mining, construction, infrastructure, and defence clients in various countries. Its growth in the defence sector is in line with India’s “Make in India” initiative, positioning it as one of the first private-sector companies to manufacture specialized energetic materials that have traditionally been the domain of government entities.

While the company enjoys high entry barriers, strong demand, and growing defence opportunities, it also encounters risks associated with safety, regulation, and the capital-intensive nature of its expansion. In summary, Solar Industries India has transformed from a domestic explosives manufacturer into a prominent global and defence-oriented industrial entity.