Solar Industries Bags Rs 158 Cr Defence Order | 2025
Solar Industries Bags Rs 158 Cr Defence Order: In a strategic leap forward for India’s defence manufacturing, Solar Industries India Limited has secured a Rs 158 crore contract from the Ministry of Defence. This 2025 development not only strengthens the country’s self-reliance in defence but also showcases Solar Industries’ robust growth, with an impressive Rs 17,000+ crore order book and record-breaking market performance.
Table of Contents
Solar Defence & Aerospace Limited Wins New Order
Solar Industries India Limited, through its wholly-owned subsidiary Solar Defence & Aerospace Limited (formerly Economic Explosives Limited), has clinched a major domestic contract from the Ministry of Defence. Signed on June 22, 2025, this order is valued at Rs 158 crore and will be fulfilled within one year. This marks a strategic move in strengthening India’s indigenous defence manufacturing capabilities and underscores the company’s growing footprint in this space.
Solidifying Presence in the Defence Sector
Solar Industries, which began its journey in the defence segment in 2010, has evolved from manufacturing industrial explosives to developing advanced defence systems, including missile propellants, warheads, and initiating systems. The recent contract is a significant endorsement of its capabilities by the Ministry of Defence.
The company had previously secured a Rs 402 crore order from Coal India Limited for supplying Cartridge Explosives & Accessories. This order is scheduled for delivery over a period of two years, indicating continued trust in Solar Industries’ capabilities across both industrial and defence verticals.
Strong Financial Growth and Market Confidence
As of March 31, 2025, Solar Industries’ total order book has surged past Rs 17,000 crore, showing solid demand across its divisions. The company holds a market capitalization of over Rs 1,50,000 crore and has delivered a 35.2% CAGR in profit growth over the last five years. These numbers speak volumes about the company’s operational strength and financial discipline.
Stock Performance and Investor Interest
Investors have taken note of this consistent performance. The stock has delivered a multibagger return of 1,700% over five years and has more than doubled (100%+) from its 52-week low of Rs 8,479.30 per share. Such performance highlights the company’s strong fundamentals and future potential in both defence and industrial sectors.
From Explosives to Defence and Beyond
Solar Industries has made its mark globally as one of the leading producers of bulk and packaged explosives. With its diversification into defence and steady supply to industries like mining, infrastructure, and construction, the company reflects a blend of innovation and execution.
The dual strategy of expanding in both the industrial and defence domains aligns perfectly with India’s larger goals of self-reliance (Atmanirbhar Bharat) in defence production and sustainable growth.
Conclusion: A National Growth Engine
With an Rs 158 crore defence order, a growing Rs 17,000+ crore order book, and unmatched stock performance, Solar Industries India stands out as a beacon of industrial and strategic growth. The company’s trajectory reflects India’s aspirations for indigenous capability and economic strength.
To stay updated with transformative stories in India’s energy and defence space, visit solarclue.com and blog.solarclue.com.
FAQs
1. Who awarded Solar Industries the recent Rs 158 crore contract?
The Ministry of Defence, Government of India, awarded the contract to Solar Defence & Aerospace Limited.
2. What is Solar Industries’ total order book as of March 2025?
As of March 31, 2025, the order book has exceeded Rs 17,000 crore.
3. What are some key products offered by Solar Industries in the defence segment?
Solar Industries manufactures missile propellants, warheads, initiating systems, and other advanced defence equipment.
4. How has the company performed in the stock market?
The stock has risen by over 1,700% in the last five years and more than 100% from its 52-week low.
5. What other major order did the company receive recently?
Solar Industries also secured a Rs 402 crore order from Coal India Limited for Cartridge Explosives & Accessories.
