Rs 15,500 Crore Order Book: Defence Company Wins 2 Defence Export Orders Worth Rs 1,419 Crores

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Rs 15,500 Crore Order Book: Defence Company Wins 2 Defence Export Orders Worth Rs 1,419 Crores

The stock is up by 59 per cent from its 52-week low of Rs 8,479.30 per share and has given multibagger returns of over 1,000 per cent in 5 years.

Solar Industries India Limited, a Nagpur-based industrial explosives and defence manufacturer, has secured two major international defence export orders with a combined value of Rs 1,419 crores. The company made the announcement on January 30, 2026, marking a significant expansion of its global defence footprint.

The orders have been received by Solar Industries India Limited and its subsidiary from international entities. Both contracts are strictly related to the supply of defence hardware and will be executed over a period of four years.

The first contract is valued at Rs 589 crores and involves the supply of defence products to overseas clients. The second and larger contract stands at Rs 830 crores, also focused on international defence supplies. Together, these orders underline the company’s growing presence in the global defence export market.

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From a governance and compliance standpoint, Solar Industries clarified that the promoter, promoter group, and group companies have no interest in the entities awarding these contracts. The transactions have been executed on an arm’s length basis and do not qualify as related party transactions.

Solar Industries Ltd (SIL) is one of the world’s leading manufacturers of bulk explosives, packaged explosives and initiating systems, which find applications in the mining, infrastructure and Construction industries. SIL also ventured into the Defence segment in 2010 and diversified into manufacturing propellants for missiles and rockets, warheads and warhead explosives.

The company has a market cap of over Rs 1,20,000 crore and has delivered good profit growth of 36 per cent CAGR over the last 5 years. As of September 30, 2025, the company’s Order Book stands at Rs 15,500+ crore. The shares of the company have an ROE of 33 per cent and an ROCE of 38 per cent. The stock is up by 59 per cent from its 52-week low of Rs 8,479.30 per share and has given multibagger returns of over 1,000 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.