In a significant boost to India's defence manufacturing sector, Solar Defence and Aerospace Limited, a wholly owned subsidiary of Solar Industries India Limited, has successfully secured an export order worth INR 239 Crores. This contract has been awarded by the Ministry of Defence, Government of India, for the supply of Multi Mode Hand Grenades.
Details of the Contract The agreement involves the supply of advanced Multi Mode Hand Grenades to the Ministry of Defence, reinforcing India's focus on strengthening indigenous defence capabilities. The order is set to be delivered over a period of one year. Solar Defence and Aerospace Limited, previously known as Economic Explosives Limited, continues to make strides in the defence manufacturing sector with this latest achievement.
Key details of the contract are as follows:
- Contracting Entity: Ministry of Defence, Government of India
- Product: Multi Mode Hand Grenades
- Nature of Contract: Supply of defence products
- Entity Type: Domestic
- Execution Timeline: 1 year
Contract Value: INR 239 Crore
Significance of the Deal This contract aligns with the Government of India’s ‘Make in India’ initiative, emphasizing self-reliance in defence production. It not only showcases the capability of Indian firms in producing world-class defence equipment but also strengthens India’s overall defence preparedness. The order further highlights the growing role of private sector enterprises in national security.
About Solar Defence and Aerospace Limited Solar Defence and Aerospace Limited is a key player in India’s defence manufacturing sector, specializing in the production of high-quality explosives and ammunition. As a subsidiary of Solar Industries India Limited, the company has been instrumental in enhancing India’s indigenous defence capabilities through its innovative solutions and strategic partnerships,Shares of Solar Ind trading Flat at Rs 9,000 as of 10.50 Am of 4th March 2025
Disclaimer This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to conduct their own research or consult with professionals before making any financial decisions related to the information provided in this article. The details mentioned are based on publicly available information and company disclosures.
