Bengaluru, May 24 -- India's explosives sector is valued at USD 399.1 million in 2024, with the military segment accounting for over 81 percent of the market. Driven by mining, infrastructure, and defence needs, the sector is projected to reach USD 516.4 million by 2030, growing at a CAGR of 4.1 percent. Civilian applications represent the fastest-growing segment.

With a market capitalisation of Rs 1.38 lakh crore, the shares of Solar Industries India Ltd closed at Rs 15,328.65 per share, increased around 2.06 percent as compared to the previous closing price of Rs 15,019.85 apiece.

The company expects its defence business to generate Rs 3,000 crore in revenue, more than double the Rs 1,355 crore reported in FY25. This would raise the d...