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Solar Industries bags new ₹2,039-crore export order for defence products

Solar Industries bags new ₹2,039-crore export order for defence products

Industrial explosives maker Solar Industries India Ltd on Monday (December 2) said the company, along with its subsidiary, has secured export orders worth ₹2,039 crore for the supply of defence products to international clients.

“We are pleased to share that our company, Solar Industries India Limited and its subsidiary have received export orders worth ₹2039 Crores for Supply of Defence Products, to be delivered over a period of 4 years,” Solar Industries India said in a regulatory filing.

The orders are for the supply of advanced defence products, to be delivered over the next four years.

Also Read: Solar Industries wins ₹887 crore domestic order, its second in two days

Last month, Solar Industries had said it had won an export order from an international client. The order pertains to the supply of defence products, which the company has not specified. This order, worth ₹399.4 crore, has to be executed within three years.

The company has not shared any further details on its total order book amount.

Shares of Solar Industries India Ltd ended at ₹10,574.00, down by ₹111.05, or 1.04%, on the BSE.

Also Read: Solar Industries shares surge 10% to a record high; Market cap crosses ₹1 lakh crore

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