Solar Industries wins ₹483 crore order from South Eastern Coalfields for bulk explosives supply

Explosives manufacturer Solar Industries India Ltd on Wednesday (October 8) said it has received an order worth ₹483 crore from South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited, for the supply of bulk explosives.

In a regulatory filing, the company said the contract involves the supply of bulk explosives to SECL over a period of two years. The order has been awarded by a domestic entity, and the supply agreement does not fall under related party transactions.

First Quarter Results

Solar Industries India reported a consolidated net profit of ₹339 crore for the quarter ended June 2025, marking an 18.24% increase from ₹286.46 crore recorded in the same period last year.

Also Read: Solar Industries wins contract worth ₹158 crore for supply to Ministry of Defence

Revenue from operations rose 28% year-on-year to ₹2,154 crore, compared with ₹1,685 crore in the June quarter of FY25. EPS for the quarter ending June 2025 was ₹37.43, up from ₹35.61 in the quarter ending March 2025.

Shares of Solar Industries India Ltd ended at ₹13,995.00, down by ₹148.00, or 1.05%, on the BSE.

Also Read: Solar Industries shares fall after management cuts revenue growth guidance for FY25