Solar Industries secures Rs 2,150 cr defence export order, to deliver over six years
Mumbai: Defence equipment manufacturer Solar Industries India Limited has secured an international defence supply export order worth Rs 2,150 crore, according to its exchange filing on February 28, reported Live Mint.
The company plans to deliver the order over six years but did not disclose details about the client or country involved.
Solar Industries' promoters hold a 73.15% stake, while mutual funds like HDFC, Kotak Mahindra, and SBI also have investments in the firm.
Following the announcement, Solar Industries shares closed 0.33% lower at Rs 8,692.60 on Friday, with the stock trading 11.11% lower on a year-to-date (YTD) basis in 2025.
Over the past five years, the stock has delivered multibagger returns of 357%, though it remains 29% up over the last year.
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