By A Correspondent

New Delhi: India’s private sector Solar Industries India Limited has secured export orders worth INR 1,400 crore for defence products, marking one of the company’s largest long-term international contracts and reinforcing India’s growing role in the global defence manufacturing ecosystem.

The supplies will be delivered over four years, providing strong revenue visibility for the Nagpur-based explosives-to-defence major and further strengthening its expanding global pipeline.

The announcement on Nov. 18, 2025, comes at a time when Solar Industries has been aggressively scaling its defence vertical, now one of its fastest-growing businesses.

The company recently reiterated confidence in achieving its FY26 defence revenue guidance, calling the ongoing quarter the beginning of a “new growth phase” for its defence operations.

In the first half of FY26, the defence segment generated INR 900 crore, up 57% year-on-year, and already contributing nearly one-third of the company’s full-year defence target of INR 3,000 crore.

The export order win adds further momentum as India pushes to boost indigenous defence production and expand overseas defence partnerships.

Solar Industries’ broader performance has also remained resilient. In the September quarter, the company posted a 20.6% YoY rise in net profit to INR 345 crore, while revenue increased 21.4% to INR 2,082 crore. Total H1 revenue stood at INR 4,237 crore, or 42% of its FY26 guidance of INR 10,000 crore.

The company’s international business, a critical growth lever, achieved its highest-ever quarterly revenue, touching INR 960 crore, up 21% YoY, reflecting sustained demand for its explosives, propellants, and defence systems across new global markets.

Shares of Solar Industries were trading slightly lower at INR 13,890 on the NSE at 2:11 pm, recovering from an intraday dip, as investors assessed the long-term boost from the latest export commitments.

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