Solar Industries India Limited Releases Business Responsibility and Sustainability Report for FY 2025-26

Solar Industries India Limited Releases Business Responsibility and Sustainability Report for FY 2025-26

Solar Industries India Limited Releases Business Responsibility and Sustainability Report for FY 2025-26​

Solar Industries India Limited has released its comprehensive Business Responsibility and Sustainability Report (BRSR) covering the financial year 2025-26. The report outlines the company's operations, stakeholder engagement, and performance against various ESG parameters. The BRSR details the operational scope and provides data on environmental impact, employee wellbeing, and consumer relations for the period spanning April 1, 2025, to March 31, 2026.

The report also includes an Independent Reasonable Assurance Report on selected Key Performance Indicators (KPIs) of the BRSR Core, conducted by Moore Singhi Advisors LLP.

Operational and Business Profile​

Solar Industries is a leading manufacturer of industrial explosives and initiating systems, serving both domestic and international markets. The company operates from "Solar" House in Nagpur, with 1410 permanent employees and 6036 workers across its facilities.

Key operational details for the company are summarized below:

ParticularsDetails
Name of EntitySolar Industries India Limited ('Solar')
Year of Incorporation1995
Registered Office Address"Solar" House, 14, Kachimet, Amravati Road, Nagpur - 440023, Maharashtra, India
Paid-up Capital9,04,90,055 Equity shares amounting to 18.10 Crores
Reporting BasisStandalone (only for Solar Industries India Limited)
Core Business ActivityManufacturing of Industrial Explosives and Initiating Systems

The company's market presence includes Coal India Limited and various institutional clients, among others. During the financial year 2025-26, exports contributed 47.65% to the total turnover.

ESG Performance Indicators​

Solar Industries reported several key metrics across environmental stewardship, resource management, and workforce welfare for FY 2025-26.

Environmental Metrics:
The company committed to decarbonization and is focused on operational efficiency. Energy consumption and intensity showed improvements in both recent and past years:

MetricFY 2025-26FY 2024-25Unit
Total energy consumed (A+B+C)1,61,0591,98,128GJ
Energy intensity per rupee of turnover179.58221.05GJ / H in crores
Water consumption (total)5,25,3985,06,836KL
Water intensity per rupee of turnover94.18113.73KL / H in crores

Regarding emissions and waste:
  • Total Scope 1 emissions were reported at 69,065 metric tonnes of CO2 equivalent in FY 2025-26 (down from 65,713 MT in FY 2024-25).
  • Total Scope 2 emissions for FY 2025-26 were 21,735 metric tonnes of CO2 equivalent.
  • Total waste generated in the current financial year was 13,861.73 MT, compared to 7,428.78 MT in the previous year (FY 2024-25).

Workforce and Social Metrics:
The report details measures for the wellbeing of both employees and workers:

ParameterStatus/Metric
Gross wages paid to females as % of total wages (FY 2025-26)10.2%
Percentage of inputs sourced from MSMEs/ Small producers (FY 2025-26)34.86%
Total workers in FY 2025-266,036

Risk Management and Governance​

Solar Industries has established a robust Risk Management System covering operational, environmental, social, and governance (ESG) risks. The company’s material issues include climate change, environmental risk and compliance, water conservation, and occupational health and safety.

A key area of focus is the management of waste and hazardous materials. The company maintains a stringent waste management practice aligning with regulations set by Pollution Control Boards. All generated wastes are diligently segregated into hazardous and non-hazardous categories. Waste recovery efforts for FY 2025-26 included 2,231.84 MT recycled.

Safety Performance (FY 2025-26):
The company recorded 7 total recordable work related injuries among employees and 15 among workers. There was 1 fatality reported in the employee category during FY 2025-26.

Stakeholder Relations and Human Rights​

The company maintains a Customer Relationship Management (CRM) mechanism for handling consumer complaints, with no reports of data privacy or cyber security issues noted against consumers in the current financial year. The report also emphasizes commitment to human rights, detailing internal mechanisms such as a dedicated grievance redressal system run by the Human Resource department.

Renewable Initiatives and Commitment​

To mitigate climate impact and reduce carbon footprint, the company has implemented several initiatives:
  • Energy Transition: Replacing traditional ceiling fans with energy-efficient Brushless Direct Current (BLDC) Fans resulted in an estimated annual energy saving of 9,072 kWh across offices.
  • Process Optimization: The company deployed Air-Operated Double Diaphragm (AODD) Pumps in crystallizers, achieving approximately 5,940 kWh in annual energy savings while enhancing process safety.
  • Water Stewardship: Multiple water conservation projects were undertaken, including the installation of a Reverse Osmosis (RO) system to recycle crystallization water and implementing a Multi Effect Evaporation Plant (MEEP) with a capacity of 200 KLD to achieve Zero Liquid Discharge (ZLD).

The BRSR underscores Solar's commitment to corporate responsibility, detailing its continuous efforts toward sustainable operations, resource efficiency, and stakeholder engagement.

SOLARINDS Stock Price Movement​

Solar Industries India Limited shares surged in the market today, concluding at ₹19028 after gaining 3.26% from its previous close. The stock successfully hit a 52-week high during trading, peaking near ₹19125, with volumes reaching 239,259 shares.
 

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Editorial Note

This news article was written and created by Himanshu, and published on IST.
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