Solar Industries India Limited has further fortified its growth trajectory with a significant order win from South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited. This new contract, coupled with a strong quarterly performance, showcases the company’s resilience and leadership in the industrial explosives segment.
Solar Industries India Limited has received an order worth ₹483 crore from South Eastern Coalfields Limited (SECL) for the supply of bulk explosives over a period of 2 years. This contract adds to the company’s already impressive order book, which stands at over ₹16,800 crore as of Q1FY26, including ₹15,000 crore from the defence segment and ₹1,800 crore from CIL and SCCL combined.
The SECL contract underlines Solar Industries’ long-standing relationship with Coal India subsidiaries and highlights its ability to meet large-scale supply demands in the mining and infrastructure sector.
In Q1FY26, Solar Industries reported net sales of ₹2,154 crore, marking a 28% year-on-year growth compared to ₹1,685 crore in Q1FY25. The company achieved EBITDA of ₹564 crore, up 19% from ₹474 crore in the same quarter last year. Profit after tax rose by 17% to ₹353 crore from ₹301 crore in the previous year’s quarter.
Solar Industries continues to maintain a well-diversified sales mix. In Q1FY26, the international business accounted for 38% of total sales, followed by defence at 19%, housing and infrastructure at 15%, and non-CIL institutional sales at 16%
This balanced exposure across multiple sectors reduces dependency on any single market and positions the company well to leverage growth opportunities arising from infrastructure expansion, defence indigenisation, and export demand.
Solar Industries share price was seen trading at ₹14,022 as of 3:04 PM on October 8, 2025. The stock made an intraday high of ₹14,238 on NSE.
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The ₹483 crore order from SECL further reinforces Solar Industries’ strong market position and operational capability in the bulk explosives segment.
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Published on: Oct 8, 2025, 4:07 PM IST
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