Solar Industries’ 100 percent subsidiary Economic Explosives has signed a memorandum of understanding (MoU) with Maharashtra government to set up a facility in Nagpur with an investment of Rs 1,550 crore to manufacture ammunition for armed forces.
The project will come up in Nagpur, a relatively industry deficit area of the Vidarbha region and will generate more than 700 direct jobs. The facilities will be completed in 24 months and commercial production will start thereafter. The company will be building world class facilities to produce Bi-Modular Charge Systems (BMCS), fully integrated Rockets and New Generation of Hand Grenades.
Solar Industries India has grown to become India’s largest manufacturer of Industrial explosives and Explosive initiating systems and spreading its presence to Global Markets.
