Shares of Solar Industries India ended Wednesday’s session, December 31, 2% higher at ₹12,241 apiece, snapping a five-day losing streak after the company announced a major order win from Coal India Limited, which boosted investor sentiment.
In a regulatory filing, Solar Industries said it has secured an additional order worth ₹1,746 crore from Coal India Limited on behalf of its subsidiaries. The order is for the supply of bulk explosives, to be executed over a two-year period.
Earlier in October, the company had disclosed an order valued at ₹483 crore from South Eastern Coalfields Limited (SECL), a Coal India subsidiary. With the latest contract, Solar Industries’ total order value from Coal India now stands at ₹2,229 crore.
The order win comes on the back of strong momentum in the defence segment. In November, Solar Industries had announced export orders worth ₹1,400 crore for defence products, to be executed over four years, marking one of its largest long-term export commitments.
Solar Industries share price performance
Despite Wednesday’s rebound, Solar Industries shares have been under pressure after hitting an all-time high of ₹17,805 on June 30, 2025, correcting nearly 31% since then. The stock closed lower in five of the last six months, with July witnessing the sharpest decline of 19.2%.
However, strong gains in the first half of the year helped the stock end 2025 with a gain of 25.23%, extending its long-term wealth creation record. The stock has delivered multibagger returns over the years, rising 122% in 2021, 83% in 2022, followed by gains of 53% in 2023 and 43% in 2024.
Solar Industries is engaged in the manufacturing and supply of industrial explosives and explosive accessories, catering to mining, infrastructure, and defence sectors, with a growing global footprint.
Disclaimer: This article is for informational purposes only and is based on publicly available disclosures. It does not constitute investment advice.
