Solar Industries India Limited has secured a significant order worth Rs. 483 crore from South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited.
In a regulatory filing, the company announced that the order pertains to the supply of bulk explosives, to be executed over a period of two years.
“The order marks another milestone in strengthening our long-standing relationship with Coal India subsidiaries and further reinforces our leadership in the domestic explosives industry,” the company said in its filing.
It will be supplied to support SECL’s mining operations, one of the largest coal-producing entities in India. This contract is expected to provide a steady revenue stream for Solar Industries, given the scale and duration of the engagement.
The filing also clarified that the order does not fall under related-party transactions and that the promoter group has no interest in the awarding entity.
With this deal, Solar Industries continues to expand its footprint in the coal mining sector, leveraging its expertise in bulk explosives manufacturing and supply.
