New Delhi, March 4 -- Shares of Solar Industries edged higher in intra-day trade on Tuesday, March 4, after securing a significant order from the Ministry of Defence.

Solar Industries announced that its wholly owned subsidiary, Solar Defence and Aerospace, has signed a contract worth Rs.239 crore with the Ministry of Defence, Government of India, for the supply of multi-mode hand grenades. The order is set to be executed within a year.

Solar Industries India (SIIL), the flagship company of the Solar Group, specializes in manufacturing bulk explosives, packaged explosives, and initiating systems for the mining, infrastructure, and construction industries. The company entered the defence sector in 2010, expanding its portfolio to include ...