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Solar Industries India has bagged an additional order aggregating to Rs 1,746 crore from Coal India for and on behalf of its subsidiaries for the supply of bulk explosives, to be delivered over a period of two years.
Earlier, the company had received an order aggregating to Rs 483 crore received from Southeastern Coalfields (SECL), subsidiary company of Coal India on 08 October 2025.
Consequent to the receipt of additional order of Rs 1,746 crore the total order value from Coal India stands at Rs 2,229 crore.
The company had earlier informed the stock exchanges about the receipt of an order worth Rs 483 crore from South Eastern Coalfields (SECL), a subsidiary of Coal India, on 8 October 2025.
With the receipt of the additional Rs 1,746-crore order, the total value of orders secured from Coal India now stands at Rs 2,229 crore.
Solar Industries India is primarily involved in the manufacturing of a complete range of industrial explosives and explosive initiating devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems. The company's consolidated net profit jumped 20.7% to Rs 344.97 crore on a 21.4% rise in revenue from operations to Rs 2082.22 crore in Q2 FY26 over Q2 FY25.
Coal India is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are power and steel sectors. Consumers from other sectors include cement, fertilizers, brick kilns. The company’s consolidated net profit tanked 30.32% to Rs 4,354.24 crore on a 1.10% fall in total income to Rs 32,327.16 crore in Q2 FY26, compared with Q2 FY25. The counter rose 0.54% to Rs 400.10 on the BSE.
The names of the clients have been kept confidential.
The order, placed by international entities, involves the supply of defence products and will be executed over a period of 4 years.
The company clarified that neither its promoters nor the promoter group have any interest in the awarding entities, and the transaction does not qualify as a related-party deal.
Solar Industries India is primarily involved in manufacturing of complete range of industrial explosives and explosive initiating devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems.
The company's consolidated net profit jumped 20.7% to Rs 344.97 crore on 21.4% rise in revenue from operations to Rs 2082.22 crore in Q2 FY26 over Q2 FY25.
Shares of Solar Industries India shed 0.28% to Rs 13,878.30 on the BSE.
On sequentially, the company’s consolidated net profit rose 1.85% and 3.35% decline in revenue.
Total expenses increased 20.56% to Rs 1,620.94 crore in Q2 FY26 as compared with Rs 1,344.41 crore in Q2 FY25. Cost of raw material consumed stood at Rs 908.18 crore (up 33.25% YoY), employee benefit expenses was at Rs 194.70 crore (up 34.56% YoY) during the period under review.
Profit before tax (PBT) for the quarter stood at Rs 489.52 crore in Q2 FY26, up 20.28% from Rs 406.97 crore reported in Q2 FY25.
On half-year basis, the company's consolidated net profit rose 19.15% to Rs 683.67 crore on 24.58% increase in revenue to Rs 4,236.67 crore in H1 FY26 over H1 FY25.
Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives, and initiating systems, which find application in the mining, infrastructure, and construction industries.