Solar Industries India Secures Export Orders for Defence Products worth INR 1076 Crores
Solar Industries India Limited, along with its subsidiary, has announced the receipt of significant export orders valued at INR 1076 Crores. The contracts involve the supply of Defence Products to international clients, with the execution timeline spread over three years.The international order details confirm that the products supplied are Defence Products, fulfilling an international contract. The total value of the transaction is reported as INR 1076 Crores.
The deal structure and key parameters of the order are as follows:
| Parameter | Detail |
|---|---|
| Value of Order | INR 1076 Crores |
| Nature of Products | Defence Products |
| Client Entity | International Clients |
| Transaction Type | International Export Order |
| Execution Period | 3 Years |
| Related Party Status | No related party transactions |
The company stated that the order is sourced from an international entity and confirms that the promoter group or any associated companies have no interest in the awarding client. This marks a substantial business development for the company in the defence manufacturing sector.
SOLARINDS Stock Price Movement
As of 10:11 AM, shares of Solar Industries India Limited are slipping by 0.43% in live trading, currently tracking at ₹18,573. The stock sheds value despite recently hitting its 52-week high of ₹18,874, trading on a volume of 38,431 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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