Solar Industries Secures ₹6,084 Crore Defence Contract for Pinaka Rocket System – EQ
In Short : Solar Industries has secured a ₹6,084 crore defense contract for the production of the Pinaka Rocket System. This agreement highlights the company’s growing presence in the defense sector and its expertise in manufacturing advanced weapons systems. The contract will support India’s defense capabilities and contribute to the government’s push for self-reliance in defense manufacturing.
In Detail : Solar Industries India Limited has achieved a significant milestone as its wholly owned subsidiary, Economic Explosive Limited (EEL), has secured a ₹6,084 crore contract from the Ministry of Defence.
The agreement pertains to the supply of Area Denial Munition (ADM) Type-1 (DPICM) and High Explosive Pre-Fragmented (HEPF) Mk-1 (Enhanced) rockets for the Pinaka Multiple Launcher Rocket System (MLRS)—a critical addition to India’s defence arsenal.
The share price of Solar Industries reached an intraday high of ₹9,355 on the NSE as of 9:59 AM on February 7, 2025
Pinaka MLRS: A Key Component of India’s Defence Strategy
The Pinaka Multiple Launcher Rocket System (MLRS) is a sophisticated, long-range artillery weapon developed by the Defence Research and Development Organisation (DRDO). Known for its rapid response and precision, the Pinaka system enhances the Indian Army’s capability in modern warfare.
The contract awarded to EEL signifies a growing emphasis on indigenous defence manufacturing under the Atmanirbhar Bharat Abhiyan (Self-Reliant India Initiative). As a production agency nominated by DRDO, EEL will manufacture all variations of the Pinaka Rocket System, reinforcing its role in India’s strategic defence production.
Contract Details: A Major Boost for Indigenous Defence Manufacturing
- Contract Size: ₹6,084 crore
- Awarded by: Ministry of Defence
- Nature of Contract: Supply of defence products
- Execution Timeline: 8 to 15 years, with 86% completion within the first 10 years
- Significance: The biggest contract in the history of Solar Industries India Limited
This agreement is a major step towards self-sufficiency in the Indian defence sector, aligning with national policies to “Make in India” and “Make for the World”.
Economic Explosive Limited: A Growing Force in Defence Production
EEL, backed by a team of national and international defence experts, has been making strides in the defence sector, contributing to India’s indigenous weapons development. The company’s expertise in explosives and munitions has positioned it as a key supplier for the Indian armed forces.
