Solar Defence and Aerospace Limited, a wholly owned subsidiary of Solar Industries India Limited, has signed a significant contract worth INR 239 Crores with the Ministry of Defence, Government of India.
This contract, set to be executed within a year, involves the supply of Multi-Mode Hand Grenades, reinforcing the company’s strong foothold in the defence manufacturing sector.
In the exchange filing, Solar Industries shared, “The company Solar Defence and Aerospace Limited (formerly known as Economic Explosives Limited) a wholly owned subsidiary of Solar Industries India Limited has signed a contract worth INR 239 Crores with Ministry of Defence, Government of India for Supply of Multi Mode Hand Grenade, to be delivered over a period of 1 year.”
Formerly known as Economic Explosives Limited, Solar Defence and Aerospace Limited has been a key player in India’s defence and aerospace industry. This contract underscores the company’s commitment to enhancing national security by providing state-of-the-art defence products. The deal further strengthens Solar Industries’ position as a leading supplier in the domestic defence sector, showcasing its capabilities in delivering high-quality munitions to the armed forces.