Solar Industries India Limited
Solar Industries is India's largest domestic manufacturer of industrial explosives and initiating systems, and the parent of Solar Defence and Aerospace Limited (SDAL) — which has emerged as a key pri
Last verified:
At a Glance
- Headquarters
- Nagpur, Maharashtra, India (Solar House, Amravati Road)
- Type
- Manufacturer (listed)
- Founded
- 1995 (incorporated as Solar Explosives Limited; renamed Solar Industries India Limited; original SSI unit near Nagpur from 1983)
- India entity
- null
- Listed
- NSE: SOLARINDS | BSE: 532725 (listed since 2008); mid-cap
- Key India role
- Solar Industries is India's largest domestic manufacturer of industrial explosives and initiating systems, and the parent of Solar Defence and Aerospace Limited (SDAL) — which has emerged as a key pri
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- key specs
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What It Is
Solar Industries is India's largest domestic manufacturer of industrial explosives and initiating systems, and the parent of Solar Defence and Aerospace Limited (SDAL) — which has emerged as a key private-sector Indian loitering-munition OEM. Through subsidiary Economic Explosives Ltd (EEL), Solar developed the Nagastra-1 loitering munition (480 units delivered to the Indian Army by Dec 2024, beating Polish WB Electronics and Israeli UVision). Nagastra-2 (20 kg, 4 kg anti-tank warhead, two-man portable) and Nagastra-3 (~100 km range) are under accelerated development; Solar plans layered loitering munitions with up to 700 km deep-strike capability. Solar is ranked among the Top 5 global explosives companies and booked ₹2,650 Cr in orders + ₹1,400 Cr export orders (2025). The company is investing ₹12,700 Cr in Nagpur defence/aerospace. Q4FY25 PAT climbed 42% YoY to ₹346 Cr; annual revenue ₹7,540 Cr (+24% YoY).
Deployments & Procurement
2 documented India deployment(s)/procurement(s).
| Agency | Context | Year | Quantity / Note | Sources |
|---|---|---|---|---|
| Indian Army | 480 Nagastra-1 loitering munitions delivered (full contract) | Dec 3, 2024 | 480 | [1][2][3] |
| Indian Army | Order for ~450 Nagastra-1R variant | 2024 | ~450 | [1][2][3] |
Import Dependencies
Not analysed in this dossier.
Intelligence Assessment
Methodology: /research/methodology/
FAQ
When was Solar Industries India Limited founded and where is it headquartered?
Solar Industries is India's largest domestic manufacturer of industrial explosives and initiating systems, and the parent of Solar Defence and Aerospace Limited (SDAL) — which has emerged as a key private-sector Indian loitering-munition OEM.
What is Solar Industries' stock ticker on NSE?
Solar Industries is India's largest domestic manufacturer of industrial explosives and initiating systems, and the parent of Solar Defence and Aerospace Limited (SDAL) — which has emerged as a key private-sector Indian loitering-munition OEM.
How many Nagastra-1 loitering munitions did Solar Industries deliver to the Indian Army?
Through subsidiary Economic Explosives Ltd (EEL), Solar developed the Nagastra-1 loitering munition (480 units delivered to the Indian Army by Dec 2024, beating Polish WB Electronics and Israeli UVision).
What is the difference between Nagastra-1, Nagastra-2 and Nagastra-3?
Through subsidiary Economic Explosives Ltd (EEL), Solar developed the Nagastra-1 loitering munition (480 units delivered to the Indian Army by Dec 2024, beating Polish WB Electronics and Israeli UVision).
What was Solar Industries' Q4FY25 PAT and annual revenue?
Solar Industries is India's largest domestic manufacturer of industrial explosives and initiating systems, and the parent of Solar Defence and Aerospace Limited (SDAL) — which has emerged as a key private-sector Indian loitering-munition OEM.
Which Solar Industries subsidiary manufactures the Nagastra loitering munition?
Solar Industries is India's largest domestic manufacturer of industrial explosives and initiating systems, and the parent of Solar Defence and Aerospace Limited (SDAL) — which has emerged as a key private-sector Indian loitering-munition OEM.
Sources
- src-01Indicativehttps://solargroup.com
Domain root only; demoted to indicative per Atlas source-quality rule.
- src-02Official
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- src-11Indicative
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