Solar Industries Share Price Surges Over 2% as its Subsidiary Secures ₹589 Crore Defence Products Export Orders

Solar Industries India Limited said it has received export orders worth ₹589 crore for the supply of defence products. The orders have been secured by the company along with one of its subsidiaries, according to a disclosure dated January 30, 2026. 

Scope of the Orders 

The contracts relate to the supply of defence products to international clients. The company has not disclosed the nature of the products or the countries where the supplies will be made. The identities of the customers have also not been shared. 

Order Value and Duration 

The total value of the export orders stands at ₹589 crore. Solar Industries said execution will be spread over a period of 4 years. The company did not provide a breakup of deliveries or expected yearly execution during this period. 

Involvement of Subsidiary 

The disclosure states that the orders have been received by Solar Industries India Limited and one of its subsidiaries. The filing does not specify which subsidiary is involved or the allocation of order value between the parent company and the subsidiary. 

Awarding Entities 

As per the annexure, the contracts have been awarded by international entities. The nature of the engagement is limited to supply. No information has been provided on follow-on orders, extensions, or additional commercial arrangements. 

Transaction Structure 

The company stated that the orders will be executed on an arm’s length basis. It also clarified that its promoters, promoter group, and group companies do not have any interest in the entities awarding the contracts. 

Related-Party Status 

Solar Industries confirmed that the export orders do not fall under related-party transactions. This information was included as part of the standard disclosure accompanying the announcement. 

Read More: Solar Industries India Share Price Gains Over 2% on Securing Order Worth ₹1,746 Crore from Coal India! 

Solar Industries India Share Price Performance  

As of February 1, 2026, 11:06 am, Solar Industries India share price was trading at ₹13,810, a 3.62% increase from the previous closing price. 

Conclusion 

The ₹589 crore export orders relate to defence product supplies for overseas customers and will be executed over 4 years. The company has described the contracts as standard international supply arrangements involving its subsidiary, with no related-party links stated. 

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