Solar Industries’ wholly owned subsidiary -- Economic Explosives (EEL) has entered into Memorandum of Understanding (MoU) with the Government of Maharashtra, India, on January 22, 2025, in Davos, Switzerland to establish an Anchor Mega Defence and Aerospace Project (Proposed project) in Nagpur.
The proposed project having investment of around Rs 12700 core involves expansion of certain defence products such as Drones and UAVs, Counter Drone systems, energetic materials, New Generation Explosives etc. and new products such as Military transport Aircraft.
The Government of Maharashtra will facilitate Economic Explosives to obtain necessary permissions / registrations / approvals /clearances/ fiscal incentives etc. from the concerned departments of the State, as per the existing policies / rules and regulations of the Government of Maharashtra for the proposed project.
Solar Industries is one of the largest domestic manufacturer and supplier of bulk and cartridge explosives, detonators, detonating cords, and components.
