Solar Industries India Ltd
NSE: SOLARINDS BSE: 532725
₹13504
(-1.82%)
Wed, 11 Mar 2026, 05:27 am
Market Cap1221.57B
PE Ratio84.15
Dividend0.07
Process Industries
Industrial Specialties
24.5KCompany History
1984
- The journey of Solar Group started when a proprietary firm Solar Explosives was formed by Mr.Satyanarayan Nuwal for trading in Explosives.
- One of the largest Indian Explosive manufacturing company awarded its first consignment agency to Solar Explosives.
1985
- Economic Explosives another proprietary firm was formed at Sholapur for trading of Explosives and Accessories made by other companies.
1991
- They became one of the largest dealers of detonators and Explosives manufactured by other reputed companies.
1995
- The company Solar Explosives Limited was incorporated by Mr.Satyanarayan Nuwal, Nandlal Nuwal and Kailashchandra Nuwal.
1996
- Solar established an effective trade network as well as Institutional market.
- Solar Explosives Limited started production with License capacity of 6000MT.
- Solar Explosives Limited was incorporated at Nagpur for manufacturing of Explosives.
1997
- Incorporation and Commencement of Solar Component Private Limited.
- The promoters started manufacturing Detonators under Economic Explosives Limited.
- The promoters started manufacturing non Explosive component required for manufacturing detonators under Solar Components Private Limited.
1998
- Economic Explosives Limited started production with License capacity of 30 Mn.Nos Detonators.
2000
- Started manufacturing of Bulk Explosives under Solar Capitals Limited.
2001
- Imported first Kartridge Pack Machine from USA for cartridge Explosives.
- Started Bulk Plant of Solar Capitals Limited in Chandrapur with capacity of 7750MT.
2004
- Imported the first of its kind high efficiency Cartridge Pack Machine
- Introduction of PETN in Solar Explosives Limited.
- Introduction of Cast Boasters in Solar Explosives Limited.
- Executed the first export order of Solar Explosives Limited.
2005
- Solar Explosives Limited acquired all the shares from the promoters of Economic Explosives Limited, Solar Capitals Limited and Solar Component Limited.
- Started Production at Solar Capitals Limited Korba with license of 6000MT.
- Product of Solar Explosive Limited well accepted in the Export market and executed order worth 10 times of the last years order.
2006
- Mr. Manish Nuwal resigned as Executive Director.
- Mr. J F Salve resigned as Independent Director.
2009
- Company name has been changed from Solar Explosives Ltd to Solar Industries India Ltd.
2010
- Solar Industries India has recommended 35% Final Dividend
2011
- Solar Industries has approved the Final Dividend of 40%
2012
- Solar Industries has recommended the Final Dividend of 50%
2013
- The Company has recommended the Final Dividend of 60% i.e. Rs. 6 per share on equity share of Rs. 10 each.
2014
- The Company has recommended a Final Dividend of Rs. 7 per Equity Share.
2015
- Solar products and services have successfully captured the needs and expectations of its valuable customers in India and abroad
2016
- The Company has bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of 163911.20 MT Explosives worth Rs. 443.44 crore for the financial year 2016-17 and 2017-18.
2017
- Solar Industries India bagged a Rs 1,143-crore contract from Coal India for supply of bulk explosives.
2018
- Solar Industries India Ltd partners Eurenco for major artillery tender
2023
- Solar Ranked among the Top 5 global explosives companies.
- Solar became the first Private Sector company to deliver 100% indigenous 30mm ammunition to the Indian Navy.
2024
- Indian Navy successfully tests indigenously developed explosives.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800