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Solar Industries has secured an order worth ₹483 crore from South Eastern Coalfields, for the supply of bulk explosives. The stock ended lower for the day.
Solar Industries India makes explosives and blasting systems used in mining, construction, and infrastructure projects through its main company and subsidiaries.
What’s happening: the supply of explosives will span two years, supporting SECL’s mining operations. The contract is expected to provide a steady revenue stream for Solar Industries, given its scale and duration.
With this deal, Solar Industries strengthens its presence in the coal mining sector, leveraging its expertise in bulk explosives manufacturing and long-term supply.
