Solar Industries India Products: every product and brand
Reviewed by the editorial team · Updated 5 Nov 2026 · Last verified 5 Nov 2026 · 1 min read
Quick answer
Solar makes commercial explosives for mining and infrastructure and defence products including HMX, rockets and Nagastra drones 713. Defence was about 27% of FY26 revenue 10.
Founded1995, Nagpur, Maharashtra
StatusListed
Listed onNSE, BSE: SOLARINDS
Solar Industries' businesses
Segment
Products
FY26 revenue
Domestic explosives
Bulk and cartridge explosives, detonators, detonating cord, initiating systems 13
The core business supplies bulk explosives, pumped at mine sites, and cartridge explosives, together with detonators and detonating cord 13. Customers are coal and metal miners, quarries and infrastructure projects. Coal India once accounted for more than 90% of explosives revenue; by 2025 its share was about 38% 8.
Defence
Defence work runs through the wholly owned subsidiary Economic Explosives 8. The group makes HMX and its compositions, rockets, missiles, aerial bombs, grenades and countermeasure systems 7. It was the first Indian company to design and build weaponised Nagastra loitering munitions, now with the Indian Army 7. Pinaka rocket contracts make up a large part of its defence order book 8. In the March 2026 quarter defence revenue was ₹1,008 crore, up 134% 9.
Latest quarter
In April-June 2026 domestic explosives brought in ₹1,361 crore, international ₹1,364 crore and defence ₹933 crore 10. The order book stood at ₹21,350 crore 6.
After Omnia
If the Omnia deal closes, Solar will add BME, which sells electronic initiation systems and makes its own ammonium nitrate, along with Omnia's agricultural and chemicals businesses 11.
Frequently asked questions
Commercial explosives and initiating systems, and defence products such as HMX, rockets, grenades and loitering munitions.
Pinaka rocket contracts form a large part of its defence order book, according to Business Today.
A weaponised loitering munition designed and built by Solar's group, now supplied to the Indian Army.
