SOURCE: AFI
Solar Industries India Ltd, a leading player in the defense and explosives sector, has announced a significant export contract worth ?2,039 crore (approximately $240 million) for the supply of defense products. The deliveries under this agreement will span the 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 ?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, reflecting the growing global demand for its 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 reported securing another export contract valued at ?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 transactions. 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.