Solar Industries India Ltd

Solar Industries India Ltd Technicals

Solar Industries India Ltd Financials

Solar Industries India Ltd Shareholding Pattern

About Solar Industries India Ltd

Solar Industries India Limited is engaged in manufacturing of industrial explosives and explosive initiating devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems. The Company has also ventured into manufacturing of ammunition for military applications. It works the world's largest packaged explosives manufacturing facility in Nagpur, India. Solar Industries supports major mining and infrastructure companies including global giants such as Coal India Limited, Singareni Collieries, Vedanta Ltd, and many more in global market. Solar Industries India Limited incorporated on February 24, 1995 with the name Solar Explosives Limited and was later on changed to Solar Industries India Limited dated February 17, 2009. By the year 1996, Solar established trade network as well as Institutional market. The Company started manufacturing Slurry Explosives in the year 1996 and Detonating Cords in the year 1998. With the success of this unit, they forayed into manufacturing of Detonators through Economic Explosives Ltd, non-Explosive intermediaries through Solar Components Pvt Ltd, and Bulk Explosives through Solar Capitals Ltd. In September 2005, the Company acquired all the shares from the promoters of Economic Explosives Ltd, Solar Capitals Ltd and Solar Component Ltd by swapping their holding with the shares of the company to make the three companies as their wholly owned subsidiaries. During the year 2005 ...-06, the company commissioned a 10,000 MT capacity bulk explosives plant at Jharsiguda in Orissa to meet the requirement of Mahanadi Coal Fields Ltd. Also, they commissioned 10,000 MT capacity Plant for manufacture of bulk explosives in Ramgarh, Jharkhand State, to meet the requirement of Central Coal Fields Ltd. During the year 2007-08, the company incorporated Somu Steels & Power Ltd as wholly owned Subsidiary of the company. They acquired 74% Shares of Navbharat Coalfields Ltd a company located at Raipur engaged in the business of mining & minerals business. Thus, Somu Steels & Power Ltd became a subsidiary of the company. Also, they incorporated a new overseas subsidiary company, namely Solar Nitrochemicals Ltd at Tanzania. The company successfully commissioned 9 Bulk plants at various locations. Also, they started operations with TISCO in Jharkhand. During the year 2008-09, the company's wholly owned subsidiaries, Solar Capital Ltd and Solar Industries Ltd merged with the company with effect from April 1, 2008. In addition, they formed a JV company with the Chhattisgarh Mineral Development Corporation in association with SMS Infrastructure for two coal blocks at Bhatgaon, Chhattisgarh. During the year, the company incorporated PT Solar Mining Resources at Indonesia as wholly owned Subsidiary of the company. Also, they incorporated three new overseas subsidiaries companies namely Solar Recursos Minerals LDA, Solar Industrias LDA, Solar Agro Florestal LDA, at Mozambique as wholly owned subsidiaries of the company. During the year 2009-10, the company incorporated two new Overseas Subsidiary Companies, namely Solar Overseas Mauritius Ltd at Mauritius and Solar Overseas Netherlands Cooperatie U.A. at Netherlands. Also, the company transferred their shares in Somu Steels & Power Ltd to other shareholders and thus Somu Steels & Power Ltd ceased to be a subsidiary of the company. In 2010, Solar Industries forayed into defence segment. In 2012, Solar Industries set up manufacturing units at Zambia, Nigeria and Turkey. In 2013, the company set up manufacturing facilities of HMX and Propellants. During the year, the company commenced manufacturing of 3-layer shock tubes. It also commenced commercial production of electronic detonators during the year. The company introduced underground bulk explosives during the year. In 2015, Solar Industries commenced supply of HMX and HMX compounds. In 2016, the company set up facilities to manufacture Warhead Filling, Pyros Ignitors, Propellants for Pinaka Mark-II. During the year, the company set up manufacturing facility in South Africa. The Board of Directors of Solar Industries India Ltd at its meeting held on 16 May 2016 approved the sub-division of the equity shares of the company from one share of face value of Rs. 10/- per share into 5 shares of Rs. 2/- per share and recommended the same for the approval of shareholders by Postal ballot. On 10 June 2016, Solar Industries India Ltd informed the stock exchanges that the company has bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of explosives worth Rs 443.44 crore for the financial years 2016-17 and 2017-18. In 2022-23, Company launched new products for underground coal mines, blast initiations and seismic applications to phase out electric detonators from the market. It launched Non detonating explosives for defence application. The Company incorporated a step-down subsidiary Company, Solar Nitro SARL in Ivory Coast effective on December 05, 2022. In 2024, Company became the first private sector company to deliver 100% indigenous 30 mm ammunition to the Indian Navy. Solar has signed a Memorandum of Understanding with the Government of Maharashtra to establish a Defence and Aerospace project in Nagpur in FY 2025. The Company has incorporated a wholly owned Subsidiary named Solar Aerospace Limited on June 10, 2024. It secured defence contract from the Ministry of Defence for Pinaka multiple rocket launcher system costing Rs 6084 Crores. Counter Drone System (Bhargavastra) Micro Missile initiated its trial runs in 2025. Two infrastructure projects, the Loiter Munition Test Range and a 1.27 kilometre airstrip facility built for the development and testing of MALE and HALE class Unmanned Aerial Systems have been launched. India's first indigenous loitering munition Nagastra-1 got launched with precision strike and autonomous navigation. During FY 2026, Company exported its first batch of Guided Pinaka Rockets to Armenia, by entering into the international precision-guided munitions supply. It has acquired the electronic detonators in underground Coal Mines& Siesmic Exploration. Loitering Munition -Nagastra-has been delivered to the Indian Army. It commenced the AI-powered Robotics & UAVs Manufacturing Unit at MIHAN-Nagpur A.

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