Solar Industries Secures ₹239 Crore Defence Deal for Multi Mode Hand Grenades
Solar Industries India Limited has achieved a significant milestone with its wholly-owned subsidiary, Solar Defence and Aerospace Limited, securing a major contract from the Ministry of Defence, Government of India. This deal underscores the company’s growing influence in India’s defence sector and its commitment to indigenous manufacturing under the “Make in India” initiative.
Key Highlights of the Contract
Contract Details
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Value: INR 239 Crores
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Product: Multi Mode Hand Grenades
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Awarding Entity: Ministry of Defence, Government of India
Delivery Timeline
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The supply of hand grenades is scheduled to be completed within one year.
Nature of the Order
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Domestic Contract: The grenades will be manufactured and supplied within India, reinforcing the company’s role in India’s self-reliance mission.
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No Related Party Transactions: The contract ensures full transparency and governance compliance.
Strategic Importance
This contract win strengthens Solar Industries’ position as a key defence supplier and highlights its capabilities in producing advanced defence products for India’s armed forces. By delivering high-quality munitions, the company continues to play a crucial role in bolstering national security and supporting India’s defence manufacturing ecosystem.