Intimation of Receipt of Export Order for Supply of Defence Products of INR 1076 Crores.
SOLARINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Solar Industries India Ltd and its subsidiary have received an export order worth INR 1076 Crores from international clients for the supply of defence products. The order will be executed over a period of 3 years. The order is awarded by international entities and is not a related party transaction. The company disclosed this under SEBI Regulation 30 as required by the listing obligations. This represents a significant export win for the defence manufacturer, adding to its order book visibility over the next three years.
This large export order provides strong revenue visibility for Solar Industries over the next 3 years. The defence export order in hard currency is positive for the company's earnings outlook and demonstrates its growing global footprint in defence products.