Solar Industries' Subsidiary gets New ₹158 Crore Order from Ministry of Defence
By Ankur Chandra | Updated at: Jun 23, 2025 02:51 PM IST
Nagpur, June 23, 2025 – Solar Industries India Ltd (NSE: SOLARINDS) on Monday announced that its wholly owned subsidiary, Solar Defence & Aerospace Ltd (formerly Economic Explosives Ltd), has secured a ₹158 crore contract from the Ministry of Defence (MoD), Government of India. The order strengthens order visibility, leading to deeper tier‑1 supplier status and bidding advantage.
The company duly filed a regulatory filing with the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order is of domestic origin and does not fall under related party transactions. The company clarified that the awarding entity has no promoter group interest.
The contract, signed on June 22, is for the supply of defense products and will be executed over twelve months. A positive outcome was that the company’s stock saw a rise. At 1:53 p.m. on June 23, the stock was trading at ₹17,092.00, up ₹96.00 or 0.56% for the day.
Order Snapshot
| Particulars | Details |
|---|---|
| Entity Awarding Contract | Ministry of Defence, Government of India |
| Executing Entity | Solar Defence & Aerospace Ltd (Subsidiary) |
| Nature of Order | Supply of Defence Products |
| Order Value | ₹158 crore |
| Execution Timeline | 1 year |
| Domestic/International | Domestic |
| Related Party Transaction | No |
| Promoter Group Interest | None |
The company stated that the disclosure complies with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. This fresh order adds to the company’s growing defense order book as it consolidates its role in India’s strategic and Indigenous defense manufacturing ecosystem.
Outlook
The order reinforces confidence in Solar’s expanding defense portfolio and strategic role in Indigenous manufacturing. With improving revenue visibility and earnings potential, investor sentiment remains positive. The market will now track execution, margins, and future orders to assess the sustainability of the current momentum.
About the Company
Solar Industries India Ltd is a leading manufacturer of industrial and defence explosives with a strong foothold in both domestic and international markets. The company is listed on the BSE and NSE under the symbol SOLARINDS. Its wholly owned subsidiary, Solar Defence & Aerospace Ltd, serves as a key arm for executing defence-specific contracts.
REF: https://nsearchives.nseindia.com/corporate/SOLARINDS_23062025124946_Order158crores.pdf
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