Solar Industries India Ltd wins order of Rs. 212 crores

M/s Economic Explosives Ltd wholly owned subsidiary of Solar Industries India Ltd has signed a contract on 20th April 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 company's ability & agility in absorbing new technologies to develop products for the future.

The contract is for value of Rs.212 Crs to be delivered within a period of 1 Year.

Shares of Solar Industries India Limited was last trading in BSE at Rs. 3764.40 as compared to the previous close of Rs. 3845.80. The total number of shares traded during the day was 2030 in over 637 trades.

The stock hit an intraday high of Rs. 3850.00 and intraday low of 3750.00. The net turnover during the day was Rs. 7704081.00.

Source : Equity Bulls

Keywords

SolarIndustriesIndia INE343H01029 EconomicExplosives OrderWin LoiteringMunition DefenseMinistry