In a major commitment towards advancing the nations capabilities in critical areas like Defence and Aerospace, Economic Explosives Limited (EEL), a wholly owned subsidiary of Solar Industries India Limited has entered a Memorandum of Understanding (MoU) with the Government of Maharashtra, India, on January 22, 2025, in Davos, Switzerland to establish an Anchor Mega Defence and Aerospace Project ("Proposed project") in Nagpur.
The proposed project having investment of approximately Rs.12700 Crores involves expansion of certain defence products such as Drones and UAVs, Counter Drone systems, energetic materials, New Generation Explosives etc. and new products such as Military transport Aircraft.
The Government of Maharashtra will facilitate Economic Explosives Limited (EEL) to obtain necessary permissions / registrations / approvals /clearances/ fiscal incentives etc. from the concerned departments of the State, as per the existing policies / rules and regulations of the Government of Maharashtra for the proposed project.
Shares of Solar Industries India Limited was last trading in BSE at Rs. 9538.55 as compared to the previous close of Rs. 9306.70. The total number of shares traded during the day was 3441 in over 1022 trades.
The stock hit an intraday high of Rs. 9625.00 and intraday low of 9229.55. The net turnover during the day was Rs. 32676075.00. |