Introduction:
Leading defence manufacturer has secured a ₹2,150 crore export order for supplying defence products to international clients. The contract, to be executed over six years, strengthens its global presence and highlights its expertise in advanced defence manufacturing and technology.
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Share price movement of Solar Industries India:
On February 28, 2025, Solar Industries India Ltd opened at ₹8,600.00, down 0.82% from its previous close of ₹8,721.65. The stock reached a high of ₹8,662.85 and a low of ₹8,479.30. By 2:56 PM, it traded at ₹8,650.00, with a market cap of ₹78,273.90 crore.
Solar Industries Secures ₹2,150 Crore Defence Export Order:
Solar Industries India Limited has announced a significant export order worth ₹2,150 crore for supplying defence products to international clients. The order, set for execution over six years, reinforces the company’s strong position in the global defence sector.
This contract marks a strategic milestone for Solar Industries, reflecting its growing capabilities in manufacturing and delivering advanced defence solutions. The company continues to expand its international footprint, catering to global defence needs with high-quality products and cutting-edge technology.
With this order, Solar Industries strengthens its order book and long-term revenue prospects. The company emphasized that this order does not involve any related party transactions and aligns with its commitment to expanding exports in the defence segment.
Recent news on Solar Industries India:
As of February 05, 2025, Solar Industries India Ltd. reported a 54.86% rise in net profit to ₹314.87 crore for Q3 FY25, while sales surged 38.06% to ₹1,973.08 crore compared to the same period last year.
Stock performance of Solar Industries India for Period of 1 week, 6 months and 1 year:
Solar Industries India Ltd. saw a 1.43% decline over the past week, with a broader six-month drop of 18.7%. However, the company maintained strong long-term performance, delivering a 29.6% return over the past year.
Shareholding pattern of Solar Industries India:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 73.20% | 73.20% | 73.20% |
FII | 7.20% | 7.50% | 7.60% |
DII | 12.80% | 12.70% | 12.70% |
Public | 6.80% | 6.60% | 6.50% |
About Solar Industries India:
Solar Industries India Ltd (NSE: SOLARINDS) is a leading manufacturer of bulk and cartridge explosives, detonators, and defence-related products. It supplies high-energy explosives, ammunition, and delivery systems for mining, infrastructure, construction, and defence sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.