Monday, October 13, 2025

Solar Industries wins ₹483 crore order from South Eastern Coalfields for bulk explosives supply

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In a regulatory filing, the company said the contract involves the supply of bulk explosives to SECL over a period of two years. Shares of Solar Industries India Ltd ended at ₹13,995.00, down by ₹148.00, or 1.05%, on the BSE.

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Solar Industries wins ₹483 crore order from South Eastern Coalfields for bulk explosives supply
Explosives manufacturer Solar Industries India Ltd on Wednesday (October 8) said it has received an order worth ₹483 crore from South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited, for the supply of bulk explosives.

In a regulatory filing, the company said the contract involves the supply of bulk explosives to SECL over a period of two years. The order has been awarded by a domestic entity, and the supply agreement does not fall under related party transactions.

First Quarter Results

Solar Industries India reported a consolidated net profit of ₹339 crore for the quarter ended June 2025, marking an 18.24% increase from ₹286.46 crore recorded in the same period last year.

Also Read: Solar Industries wins contract worth ₹158 crore for supply to Ministry of Defence

Revenue from operations rose 28% year-on-year to ₹2,154 crore, compared with ₹1,685 crore in the June quarter of FY25. EPS for the quarter ending June 2025 was 37.43, up from 35.61 in the quarter ending March 2025.Shares of Solar Industries India Ltd ended at ₹13,995.00, down by ₹148.00, or 1.05%, on the BSE.

Also Read: Solar Industries shares fall after management cuts revenue growth guidance for FY25

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