Solar Industries India Limited, a leading player in the explosives and industrial chemicals sector, has announced a significant order worth INR 483 Crores from South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited. The order involves the supply of bulk explosives and is scheduled to be executed over a two-year period.
The contract, awarded by a domestic entity, reinforces Solar Industries India’s strong presence in the Indian mining and infrastructure sector. Importantly, the company confirmed that there is no promoter or promoter group interest in SECL, ensuring the transaction is conducted independently and is not classified as a related party transaction.
Khushboo Pasari, Company Secretary & Compliance Officer of Solar Industries India, confirmed that the order aligns with the company’s strategic growth initiatives and strengthens its position as a preferred supplier for major mining projects in India.
With the mining sector witnessing steady growth, this order from SECL highlights Solar Industries India’s capability to deliver large-scale explosive solutions efficiently and safely, consolidating its reputation as a reliable industrial partner.
