Solar Industries India Limited has informed the Exchange about Contract for supply of Defence Products with Ministry of Defense, Government of India.
SOLARINDS · price
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Solar Industries India's wholly-owned subsidiary, Solar Defence & Aerospace Limited (formerly Economic Explosives Limited), has signed a contract on 22nd June 2025 to supply defence products to the Ministry of Defence, Government of India. The contract is valued at INR 158 Crores and must be delivered within one year. It is a domestic order and is not a related-party transaction. The subsidiary has been renamed from Economic Explosives Limited to Solar Defence & Aerospace Limited, suggesting a strategic focus on the defence vertical.
This is a positive order win that adds visibility to the defence business segment. For shareholders, this reinforces the company's positioning in India's defence manufacturing push under Make-in-India and may support steady revenue from the defence vertical over the next year, though the contract size needs to be assessed relative to overall revenue.