Solar Industries has secured a substantial additional order from Coal India Limited, marking a significant business development for the explosives manufacturer. The company has disclosed this contract award under Regulation 30, demonstrating transparency in its major business developments and reinforcing its strong market position in the bulk explosives segment.

Contract Details and Regulatory Disclosure

The latest contract details highlight the scale and importance of this business win for Solar Industries:

This order represents a significant contract for Solar Industries with Coal India Limited for supply of bulk explosives to CIL's subsidiaries. The agreement falls under domestic operations and does not involve any related party transactions.

Strategic Partnership with Coal India Limited

The order win reinforces Solar Industries' strategic relationship with Coal India Limited, one of India's premier coal mining organizations. Coal India Limited's continued confidence in Solar Industries' capabilities is evident through this substantial contract. The bulk explosives supplied under this agreement will support Coal India Limited's extensive mining operations across the country through its subsidiary network.

Regulatory Compliance and Corporate Governance

Solar Industries has made this disclosure under Regulation 30, ensuring full transparency with stakeholders. The company has confirmed that there are no promoter or group company interests in the contracting entity, and the transaction does not fall within related party transactions framework. This demonstrates the company's commitment to corporate governance standards.

Operational Impact and Market Position

The two-year delivery timeline demonstrates Solar Industries' production planning capabilities and its ability to manage large-scale supply contracts efficiently. This contract positions Solar Industries favorably in the explosives manufacturing sector and validates the company's technical expertise in bulk explosives production for the mining industry.

Solar Industries India Limited has issued commercial paper worth ₹100.00 crores on December 23, 2025, as per the regulatory filing submitted to stock exchanges under SEBI Listing Regulations.

Commercial Paper Issuance Details

The company has successfully raised funds through the issuance of commercial paper, informing both NSE and BSE about this short-term fundraising initiative. The filing was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The intimation was filed through NEAPS for NSE and BSE Listing Center for BSE, ensuring compliance with applicable listing regulations. The filing confirms that there are no delays in payment obligations or defaults concerning the instrument.

About Commercial Paper

Commercial paper represents an unsecured, short-term debt instrument typically issued by companies to finance immediate operational needs. This funding mechanism allows corporations to access quick liquidity without the lengthy processes associated with traditional bank loans or bond issuances.

Strategic Implications

The issuance of commercial paper worth ₹100.00 crores demonstrates Solar Industries India Limited's ability to access capital markets for short-term funding requirements. This financial instrument is expected to provide the company with enhanced liquidity to support its ongoing business operations and strategic initiatives in the aerospace and defence sector.