Company Profile

Solar Industries and its subsidiary Economic Explosives have received orders from Singareni Collieries Company (SCCL) for supply of explosives and initiating systems worth Rs 447 crore, to be delivered over a period of two years.

Solar Industries is one of the largest manufacturers and suppliers of Explosives and Explosive Accessories in India covering the entire range of products such as Bulk and Cartridge Explosives, Detonators, Detonating Cords, Pentaerythritol Tetranitrate (PETN), and Cast Boosters.

Solar Industries (India) is currently trading at Rs. 1111.00, up by 42.35 points or 3.96% from its previous closing of Rs. 1068.65 on the BSE.

The scrip opened at Rs. 1125.00 and has touched a high and low of Rs. 1160.00 and Rs. 1103.15 respectively. So far 8626 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1350.00 on 01-Feb-2020 and a 52 week low of Rs. 772.05 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1160.00 and Rs. 1065.00 respectively. The current market cap of the company is Rs. 10116.34 crore.

The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 22.09% and 4.76% respectively.

Solar Industries and its subsidiary Economic Explosives have received orders from Singareni Collieries Company (SCCL) for supply of explosives and initiating systems worth Rs 447 crore, to be delivered over a period of two years.

Solar Industries is one of the largest manufacturers and suppliers of Explosives and Explosive Accessories in India covering the entire range of products such as Bulk and Cartridge Explosives, Detonators, Detonating Cords, Pentaerythritol Tetranitrate (PETN), and Cast Boosters.

Datamatics Global Services has expanded its strategic alliance with Ingram Micro in the META region. The distribution agreement is for its intelligent automation products including, Datamatics TruBot, TruCap+, TruBI, and TruAI. Ingram Micro has been associated with Datamatics and is a distributor for the Indian region as well. Ingram Micro delivers a full spectrum of global technology and supply chain services to businesses around the world.

IIFL Securities, further to its present investments in the shares of Giskard Datatech (Trendlyne), has agreed to acquire additional stake of Trendlyne i.e. 6.25% of the share capital on fully diluted basis from one of the existing investor in Trendlyne, pursuant to the terms of the Share Purchase Agreement. Post-acquisition, IIFL Securities shall hold 20.55% of the share capital of Trendlyne on fully diluted basis. Pursuant to this Giskard Datatech shall become an Associate of the company.

Tata Consultancy Services (TCS) and Yale University have jointly launched a new framework that could help ensure privacy and trust in peer-to-peer digital networks. This would be a critical element in enhancing blockchain solutions for greater adoption by consumer. Yale University and TCS collaborated to create a new architecture, making use of decentralized storage provided by Hyperledger Fabric and the IPFS peer-to-peer network, as well as decentralized identities supported by Hyperledger Aries and Indy.

KPI Global Infrastructure has completed the development of new 11kV transmission line with DOG conductor for evacuation capacity of 4MW power generated from its site Bhimpura, Amod, Bharuch to GETCO's 22kV substation Amod. The work for the development of new 11kv transmission line for the power evacuation capacity of 4MW has been completed and charging approval from the respected authority is awaited.  

Aurionpro Solutions has won an order from Rail Vikas Nigam for the Supply, Installation and maintenance of the smart mobility system for the phase I, covering two metro stations, of the Kolkata Metro. The order is valued Rs 8 crore and covers implementation of the system within 4 months, followed by the maintenance and support of 1 year.

Solar Industries has placed the Commercial Paper (CP) amounting to Rs 50 crore on September 22, 2020, in terms of the guidelines issued by Reserve Bank of India, having maturity date of December 21, 2020 in favor of ICICI Bank.

CreditAccess Grameen has raised Rs 100 crore through Non-Convertible Debentures (NCDs) and allotted 1000 NCDs having face value of Rs 10,00,000 each on private placement. The stakeholders’ Relationship Committee at its meeting held on September 23, 2020 has approved the same.

Solar Industries has placed the Commercial Paper (CP) amounting to Rs 50 crore on September 22, 2020, in terms of the guidelines issued by Reserve Bank of India, having maturity date of December 21, 2020 in favor of ICICI Bank.

Solar Industries is one of the largest manufacturers and suppliers of Explosives and Explosive Accessories in India covering the entire range of products such as Bulk and Cartridge Explosives, Detonators, Detonating Cords, Pentaerythritol Tetranitrate (PETN), and Cast Boosters.