Mumbai, February 28, 2025 – Solar Industries India Limited (NSE: SOLARINDS | BSE: 532725), along with its subsidiary, announced today that it has secured a significant export order worth ₹2,150 crore for the supply of defence products. The order, from international clients, is to be executed over a period of six years.
Key Highlights of the Order:
| Particulars | Details |
|---|---|
| Order Value | ₹2,150 Crore |
| Nature of Contract | Supply of Defence Products |
| Execution Period | 6 years |
| Order Type | International Export Order |
| Awarding Entity | International Clients |
| Promoter Group Interest | None |
| Related Party Transaction | No |
Strategic Importance:
This order underscores Solar Industries' strengthening position in the global defence manufacturing sector and highlights its capacity to meet international standards in defence production. The substantial size and long-term nature of the contract reflect positively on the company’s export business visibility and revenue stability over the coming years.Management Commentary:
Expressing optimism on this strategic achievement, Suresh Menon, Director of Solar Industries India Limited, stated, "Securing this significant international order demonstrates our company's growing capabilities in the global defence sector. It reflects our strategic focus on expanding international markets and reinforces our commitment to long-term growth through robust global partnerships."Outlook and Market Positioning:
With this export contract, Solar Industries is well-positioned to leverage growth opportunities in the expanding global defence market. The extended duration and scale of this order will support sustained revenue streams, bolstering investor confidence and reinforcing the company's market positioning as a key player in India's defence export industry.Solar Industries continues to emphasize strategic expansions and international collaborations, enhancing its reputation and operational capabilities in the global marketplace. This development aligns with the Indian government's vision to increase defence exports and demonstrates Solar Industries' active participation in fulfilling this national objective.