Solar Industries planning ₹300-cr expansion
Solar Industries, one of the largest manufacturers of industrial explosives including packaged emulsion explosives, bulk explosives and explosive initiating systems, plans to invest ₹300 crore to enhance its capacity and defence capabilities.
The company recently commissioned a manufacturing unit in South Africa and plans to enter Australia soon. It supplies explosives for mining, defence and infrastructure sectors.
In the defence segment, it has an order book of ₹430 crore, and is working to build capacity. Coal India, one of the largest customers of the company, has placed a a ₹610-crore order and Singareni Collieries, has pending order of ₹290 crore.
