🧨 At a glance:
Solar Industries India Ltd (NSE: SOLARINDS) just announced it received a ₹402 crore order from Coal India Ltd for supplying cartridge explosives and accessories.
So yes, India’s biggest coal miner is officially saying:
“Please supply us bombs. But legally.” 💣
The order will be fulfilled over 2 years, and while the news should be explosive, the stock barely budged — closing at ₹16,045, down 1.26%.
💼 Order Details in 60 Seconds
| Parameter | Detail |
|---|---|
| 📦 Buyer | Coal India Ltd |
| 🧨 Supplier | Solar Industries India Ltd |
| 🧾 Nature | Supply of cartridge explosives & accessories |
| 💰 Order Value | ₹402 crore |
| 📍 Location | Domestic (India) |
| ⏳ Duration | 2 years |
| 🤝 Related Party? | Nope |
| 🚩 Promoter Link? | None |
| 📅 Date of Disclosure | 31 May 2025 |
So this isn’t some sketchy contract with
a cousin’s cousin running a fake firm out of Dubai. This is straight from the PSU motherlode: Coal India.
📊 Solar Industries Financials Snapshot (FY24)
| Metric | Value |
|---|---|
| Revenue | ₹5,140 Cr |
| Net Profit | ₹769 Cr |
| EPS | ₹841 |
| ROCE | 27% |
| Debt | Virtually nil |
| Order Book (Last reported) | ₹4,200 Cr+ |
This ₹402 Cr deal is less than 8% of annual revenue, but in a business where margins go boom, every deal counts.
🚀 Why This Order Matters
✅ 1. Visibility for 2 years
Explosives aren’t made and delivered like Amazon parcels. They need:
- Approval
- Coordination with mines
- Compliance with every possible safety protocol
Having
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