On March 4, 2025, Solar Industries India Ltd announced that its subsidiary, Solar Defence and Aerospace Ltd, has won a ₹239 crore contract from the Ministry of Defence. The deal involves supplying multi-mode hand grenades, with deliveries expected within the next year.
This contract marks a significant step in strengthening the country’s defense capabilities, highlighting Solar Defence and Aerospace’s role in delivering quality defense solutions. Earlier, on February 28, Solar Industries disclosed another major achievement—securing defense orders worth ₹2,150 crore from an international client. These orders are to be fulfilled over the next six years.
However, the company’s management has indicated that it may not meet its previously forecasted 30% revenue growth for FY25 due to a slowdown in the domestic market. While the defense sector continues to grow steadily, the company expects a slight variation of 5-10% in overall revenue growth.
The Pinaka project, a long-term initiative, is expected to take 8-12 years to complete. Despite the forecasted dip in revenue growth, Solar Industries anticipates improvements in profit margins. In its December earnings report, the company posted a 55% rise in net profit, totaling ₹314.87 crore, with revenues reaching ₹1,973.08 crore.
Founded in 1995, Solar Industries India Limited is a leading manufacturer of industrial explosives and ammunition. The company has a strong presence in both domestic and international markets and is known for its advanced manufacturing facilities. In recent years, Solar Industries has expanded into the defense sector, providing products like propellants, warheads, and munitions, supporting India’s efforts to achieve self-reliance in defense manufacturing.
With a focus on innovation, quality, and safety, Solar Industries continues to be a key player in critical industries and national security, while also contributing to economic growth.
