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Solar Industries’ arm signs contract for supply of Loiterinq Munition with Ministry of Defense

21 Apr 2023 Evaluate

Solar Industries India’s wholly owned subsidiary -- Economic Explosives has signed a contract on April 20, 2023, for supply of Loitering Munition with Ministry of Defense, Government of India. This is a first of its kind Loitering Munition made by an Indian company. It demonstrates our ability & agility in absorbing new technologies to develop products for the future. The contract is for value of Rs 212 crore to be delivered within a period of 1 year.

Solar Industries is one of the largest manufacturers and suppliers of Explosives and Explosive Accessories in India covering the entire range of products such as Bulk and Cartridge Explosives, Detonators, Detonating Cords, Pentaerythritol Tetranitrate (PETN), and Cast Boosters.

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Company Name CMP
Godrej Industries 1103.75
SRF 2544.90
BASF India 3664.25
Pidilite Inds. 1575.00
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