Solar Industries India Limited, through its wholly-owned subsidiary Solar Defence and Aerospace Limited, has secured a significant contract worth ₹239 crore from the Ministry of Defence, Government of India.
Solar Industries Bags Order For Hand Grenades
Solar Industries India Limited, through its wholly-owned subsidiary Solar Defence and Aerospace Limited, has secured a significant contract worth ₹239 crore from the Ministry of Defence, Government of India. This contract involves the supply of multi-mode hand grenades, which are to be delivered over a period of one year. The deal reinforces Solar Industries’ strong position in the defence manufacturing sector, contributing to India’s self-reliance in defence production and enhancing national security capabilities.
Contract Value: ₹239 crore
Product: Multi-Mode Hand Grenades
Delivery Period: One Year
Entity Awarding the Contract: Ministry of Defence, Government of India
Executing Company: Solar Defence and Aerospace Limited, a subsidiary of Solar Industries India Limited
This order highlights Solar Defence capabilities in delivering high-quality defence products and strengthens its partnership with the Ministry of Defence. The company’s role in India’s defence sector is further solidified by this contract, which is part of its broader strategy to support domestic defence manufacturing.
Solar Industries India announced that its wholly owned subsidiary, Solar Defence and Aerospace, has signed a contract worth Rs 239 crore with the MoD, Government of India, for the supply of multi-mode hand grenade. The company’s consolidated net profit rose 54.86% to Rs 314.87 crore on a 38.06% increase in sales to Rs 1,973.08 crore in Q3 FY25 as compared with Q3 FY24. Shares of Solar Industries India rose 0.30% to Rs 8,999 on the BSE.
