MoneyWorks4Me

Solar Industries’ arm acquires majority stake in Problast BS

05 Jul 2024 Evaluate

Solar Industries India’s step-down subsidiary-- Solar Mining Services Pty, South Africa has acquired a majority stake in ‘Problast BS (Pty)’ South Africa. Problast BS (Pty) has been recognized as the premier blasting solution provider in South Africa since 2016. The company’s investment in Problast BS (Pty) is in line with the long-term business plan of the company to expand its business operations in African continent.

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.


Peers
Company Name CMP
Godrej Industries 1103.75
SRF 2544.90
BASF India 3664.25
Pidilite Inds. 1575.00
Tata Chemicals 694.60
View more..