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Solar Industries has secured export orders worth ₹1,400 crore for defence products. Despite this order win, the stock tumbled 1% in Tuesday’s trade.
What’s happening: the orders will be executed over a four-year period, marking one of the company’s largest long-term export commitments in the segment.
These new export orders come as the company is growing its defence business. In the first half of FY26, it earned ₹900 crore from defence, 57% more than last year, already reaching almost one-third of its ₹3,000-crore target for the full year.
Why it matters: India has set an ambitious goal to increase defence exports to ₹50,000 crore by 2028, aiming to move from being a major importer to becoming a global supplier of defence equipment.
To reach that target, large and long-term export orders like this one play a crucial role by boosting manufacturing scale, credibility and global market presence.
