Solar Industries India Expecting Explosive Growth

While the company has secured orders exceeding ₹1,800 crore from its esteemed client, Coal India Limited, contributing to a robust order book totalling ₹3,912 crore, its attempt to beef up its presence in the defence sector is likely to lead to volume growth

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Solar Industries India Limited stands as a prominent domestic producer of bulk and cartridge explosives, detonators, detonating cords and related components. In the fiscal year 2009-10, the company expanded its operations into the defence sector, engaging in the manufacturing of high-energy explosives, delivery systems and ammunition filling, including pyro fuses. Solar Industries India has earned global recognition as a leading manufacturer of bulk explosives, packaged explosives and initiating systems, serving diverse applications in the mining, infrastructure and construction sectors.

The company further diversified its portfolio in 2010, entering the defence segment and extending its manufacturing capabilities to include propellants for missiles and rockets, along

Industrial Explosives - This segment contributed 78 per cent of FY23 revenue. The company’s explosive offerings cater to a diverse range of industries, spanning from the mining industry to the housing and real estate sector, with a global presence extending to 51+ nations.

Defence Segment - This segment contributed 9 per cent of FY23 revenue. Solar Industries India has the distinction of being the inaugural private entity to establish a facility for the production of RDX, HMX and TNT—integral components utilised by the defence industry in propellant, warhead and rocket manufacturing. The company’s defence portfolio extends to the production of warheads, grenades and rocket assembly.