Solar Industries receives export contract worth Rs 2,039 crore

 

 

 

 

 

Expanding its presence in the international markets, the city-based Solar Industries India Limited, recently, received a significant export contract worth Rs 2,039 crore for the supply of defense products. In a Bombay Stock Exchange (BSE) filing, country’s one of the leading players in the defense and explosives sector, said, it would complete the deliveries under the purchase order in a span of next four years, marking a major milestone in the company’s international growth trajectory. In a regulatory filing, the company stated, “We are pleased to share that our company, Solar Industries India Limited and its subsidiary have received export orders worth Rs 2,039 crore for the supply of defense products, to be delivered over a period of four years.”

 

This contract is one of the largest defense export orders for Solar Industries India Limted which reflects the growing global demand for the company’s products. While the company has not disclosed specific details about the items to be supplied, its portfolio typically includes ammunition, explosives and other defense-related systems, which are increasingly sought after in the global defense market. Last month, Solar Industries India Limited reported securing another export contract valued at Rs 399.4 crore, which must be executed within three years. Similar to the new order, the client and product details for this earlier deal were not revealed, likely due to the sensitive nature of the products. These back-to-back orders underscore the company’s expanding footprint in the international defense sector.

 

The substantial scale of these contracts highlights Solar Industries’ growing role in supporting global defense supply chains. The four-year delivery timeline for the latest order also indicates the strategic nature of this partnership, potentially involving critical defense systems. Solar Industries India’s recent successes align with the Indian Government’s push to enhance defense exports under its “Make in India” initiative. The defense sector in India has seen a surge in export activity. supported by policy reforms and a focus on indigenous production.