The order has been received from an international client for supply of products over next 2 years for use in defence products.

Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives and initiating systems, which find application in the mining, infrastructure and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads and warhead explosives.

The company's consolidated net profit declined marginally to ₹ 203.33 crore in Q3 FY24 as against ₹ 204.58 crore posted in Q3 FY23. While net sales stood at ₹ 1,429.14 crore in Q3 FY24, down 21.1% year on year.