Shares of Solar Industries India Limited surged by 7% on Monday after the company announced securing a significant export order worth Rs 2039 crore. This contract, awarded by international clients, involves the supply of defence products over the next four years. The development highlights the company’s growing influence in the global defence sector.
Key Details of the Contract
- Order Value: INR 2039 crore
- Duration: 4 years
- Scope: Delivery of a diverse range of defence products
- Execution: To be fulfilled by Solar Industries India and its subsidiary
Following the announcement, Solar Industries’ stock demonstrated notable market activity. The shares opened at INR11,500.95, reached a high of INR 11,597.00 and a low of INR 10,511.60 during the trading session. The stock remains a key focus for investors, with its 52-week high at INR 13,298.00 and 52-week low at INR 11,014.95.
As of 9:15 am, Solar Industries India shares were trading 5.15% higher at Rs 11,159.65 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
