Solar Industries Secures INR 830 Crore Defence Export Order
Filing Summary
Solar Industries India Ltd has announced the receipt of export orders valued at INR 830 Crores for the supply of defence products. The orders, secured by the company and its subsidiary, are to be fulfilled over a period of four years. The orders originate from international clients, and there is no involvement of related party transactions. This update was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that neither the promoter group nor group companies have any interest in the entities awarding the contracts.
Solar Industries India Ltd has received export orders worth INR 830 Crores for the supply of defence products. The orders are to be executed over a period of four years. This information was disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The orders have been placed by international clients, and the nature of the contract involves the supply of defence products. The orders do not involve any related party transactions, and there is no interest from the promoter or promoter group in the entities awarding the contracts.
Solar Industries India Ltd is engaged in the manufacturing and supply of explosives and explosive accessories. The company focuses on expanding its presence in the defence sector, leveraging its expertise in the production of high-energy materials. Solar Industries continues to enhance its capabilities in the defence domain to cater to both domestic and international markets.