Latest news with #SolarIndustriesIndiaLtd
New Indian Express
15-07-2025
- Science
- New Indian Express
This Kerala startup is building drones that can see through the rubble
To help realise that goal, Augsenselab recently raised USD 0.5 million in pre-seed funding from Emul Tek Pvt Ltd, a subsidiary of Solar Industries India Ltd. The company is also in advanced talks with iDEX, the Ministry of Defence's innovation arm, to build prototypes for national defence and disaster management. But the founders are clear-eyed about the timeline. 'This is an aerospace-grade product. It's a deep R&D effort that takes time,' says Kannan. 'Getting from TRL-4 to TRL-8 and making a deployable product will take at least four years. We're building for the long haul.' Meanwhile, Augsenselab is also developing hyper-local weather prediction systems, which could transform early warning efforts in a state like Kerala, where most landslides are triggered by cloudbursts. 'IMD forecasts are too broad. We want to say: not just Kochi, but Kaloor will face a cloudburst at 3 pm,' says Naveen. Their atmospheric profiling tech measures minute changes in the air's refractive index, allowing pinpoint accuracy. A pilot project is underway in Kerala, funded by K-DISC and deployed by the Kerala State Disaster Management Authority (KSDMA). The data is also being used in a landslide prediction model developed by IIT Roorkee. 'If we can detect a cloudburst early, we can issue warnings with hours of lead time,' says Kannan. 'We've deployed test systems in zones like Kannichira near Kottiyoor in Kannur.'
Business Standard
10-07-2025
- Business
- Business Standard
Metropolis Healthcare Ltd leads losers in 'A' group
Bharat Dynamics Ltd, Solar Industries India Ltd, Avantel Ltd and Bayer CropScience Ltd are among the other losers in the BSE's 'A' group today, 10 July 2025. Bharat Dynamics Ltd, Solar Industries India Ltd, Avantel Ltd and Bayer CropScience Ltd are among the other losers in the BSE's 'A' group today, 10 July 2025. Metropolis Healthcare Ltd crashed 4.20% to Rs 1971.85 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 26069 shares were traded on the counter so far as against the average daily volumes of 15699 shares in the past one month. Bharat Dynamics Ltd lost 4.08% to Rs 1904. The stock was the second biggest loser in 'A' the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 1.88 lakh shares in the past one month. Solar Industries India Ltd tumbled 3.47% to Rs 15928.65. The stock was the third biggest loser in 'A' the BSE, 4851 shares were traded on the counter so far as against the average daily volumes of 4962 shares in the past one month. Avantel Ltd plummeted 3.42% to Rs 156.6. The stock was the fourth biggest loser in 'A' the BSE, 1.36 lakh shares were traded on the counter so far as against the average daily volumes of 2.88 lakh shares in the past one month. Bayer CropScience Ltd pared 3.33% to Rs 6225.8. The stock was the fifth biggest loser in 'A' the BSE, 4204 shares were traded on the counter so far as against the average daily volumes of 1807 shares in the past one month.
Mint
09-07-2025
- Business
- Mint
Defence orders bolster Solar Industries' firepower
Solar Industries India Ltd's stock is in the spotlight after being upgraded to large-cap by the Association of Mutual Funds of India (Amfi) in its latest classification. Given the strong outlook and the rising share of defence in overall revenues, the stock has risen almost 70% so far in 2025. Yet, at 90x its FY26 estimated earnings, the stock may be running ahead of its financials. The defence sector is expected to drive growth for the explosives manufacturing company. 'Solar's defence vertical has remained the fastest growing segment in the last five years (62% revenue CAGR over FY20-25), led by strong order inflows, healthy execution and a focus on continuously expanding the portfolio," pointed out Emkay Global Financial Services. Defence boost Defence revenues rose 160% in FY25, doubling their contribution to 18% from 9% in FY24. The management's revenue guidance of ₹3,000 crore for FY26 implies year-on-year growth of 120%, with the share in total sales climbing to 30%. Here, the defence ministry's award of a high-value order of over ₹6,000 crore for the Pinaka multiple rocket launcher system in February helps revenue visibility. Plus, Solar expects to receive some more orders that are being fast-tracked after the recent military escalation on the western borders. Also, the company's international business, accounting for 38% of FY25 sales, is seeing strong traction amid a volatile geopolitical situation. Some of its overseas loss-making subsidiaries turned around in FY25, thus taking aggregate pre-tax profits of subsidiaries up sharply by 82% to ₹656 crore. To leverage its international presence, Solar has recently operationalized its facilities in Thailand and Indonesia and is setting up new facilities in Saudi Arabia and Kazakhstan. On the other hand, the company's exposure to Turkey, at nearly 10% of total FY25 revenue, could face uncertainty because of its role in the military confrontation. Solar's international order book is ₹8,500 crore, to be executed over the next 4-5 years. Overall, the order book at FY25 End is ₹17,000, more than triple the figure of ₹5,100 crore in FY24. Its other customers include Coal India Ltd, which forms 13% of sales, and industrial clients across mining, housing, and infrastructure. Solar's estimated domestic market share stands at about 25%. Overall, FY26 revenues are expected to rise 33% over FY25's ₹7,500 crore seen in FY25. The company's FY25Ebitda margin at 27% was far higher than the guidance of 23% and should sustain or even improve with the rising share of defenceorders. Ebitda stands for earnings before interest, taxes, depreciation, and amortization. Capex push To leverage its presence in defence, Solar has been investing in new product development, in collaboration with the Defence Research and Development Organisation (DRDO). After the successful delivery of Nagastra-1, a loitering munition or a suicide drone, deployed during Operation Sindoor, it has developed Nagastra-2 and Nagastra-3 and expects to receive orders for those products. The other product, Bhargavastra, a counter-drone micro-missile, has passed trials at two levels for different applications. The capital expenditure plan of about ₹2,500 crore in FY26 is more than double the figure of ₹1,200 crore for FY25, to be metprimarily through internal accrual. While the defence business continues to do well, other domestic segments, such as coal mining, are seeing subdued demand and lower power consumption. Also, international business faces currency and country risk, although the potential impact would be lower with presence across a large number of geographies. The stock doubled from its 52-week low of ₹8,500 on 18 February after the receipt of the Pinaka order, further bolstered after Operation Sindoor. Despite the run-up, order inflows from defence would keep investors' interest alive in the stock.
India Gazette
13-06-2025
- Business
- India Gazette
Nagpur: Navy Chief Admiral Dinesh K Tripathi reviews defence products of Solar Industries India Ltd
Nagpur (Maharashtra) [India], June 13 (ANI): Navy Chief Admiral Dinesh Kumar Tripathi, accompanied by Chairman of Solar Industries India Limited, Satyanarayan Nuwal, reviewed the manufacturing processes of various defence products at the firm's headquarters in Nagpur. The visuals show Navy Chief Admiral Tripathi, accompanied by Naval officers, reviewing defence products by Solar Industries India Ltd. Speaking to ANI, the Navy Chief lauded the products and progress made by Solar Industries India Ltd. He added that there needs to be synergy between the public and private sectors, as the latter is new in defence production. 'It's really eye-opening to see what progress has been made by Solar (Solar Group) in the last 14-15 years. As far as the synergy between the public and private sectors in the defence ecosystem is concerned, it is a must because some public sector companies have been working in this field for many decades, and private companies are relatively new. So there is a need for them to talk to each other, learn from each other,' Admiral Tripathi told ANI. Chairman of Solar Industries India Ltd, Satyanarayan Nuwal, said that they showed the Navy Chief their drones and Unmanned Aerial Systems (UAS). They also showed the navy officials their Counter-Unmanned Aerial System, Bhargavastra. Speaking to ANI, Satyanarayan Nuwal said, 'Today, we mainly showed our facility with drones and Unmanned Aerial Systems (UAS). We showed the composite manufacturing unit of UAS. We also showed Bhargavastra (Counter-Unmanned Aerial System) to counter-drone system is a significant present situations, we learned that the biggest need is for long-range missiles. We have already presented a proposal in this regard...' Meanwhile, Solar Defence and Aerospace Limited (SDAL), a subsidiary of Solar Industries India Ltd, successfully completed the trial of its Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range on Wednesday. The trial was conducted in accordance with the Indian Army's performance parameters, including vertical takeoff and landing (VTOL), high endurance, precision targeting, and mission flexibility. The UAV demonstrated robust operational capability, covering a mission radius of over 50 km with a stable real-time video link and successfully returning to the original launch point. The total range, including loitering at the target area, exceeded 170 km, with an estimated endurance of approximately 1.5 hours. A significant highlight of the trial was the successful deployment of a precision-guided anti-personnel warhead. Dropped from medium altitude, the munition executed an airburst detonation at low height, achieving a lethal effect over a wide radius, meeting tactical effectiveness benchmarks. (ANI)
India Gazette
13-06-2025
- Business
- India Gazette
"It's an operation in progress": Navy Chief Admiral Dinesh K Tripathi on Operation Sindoor
Nagpur (Maharashtra) [India], June 13 (ANI): Chief of Naval Staff, Admiral Dinesh Kumar Tripathi, said that Operation Sindoor is on a pause, but it is an operation in progress. Speaking to ANI, Navy Chief Admiral Dinesh Kumar Tripathi said, 'The Operation Sindoor is under pause, it is still underway. As a Naval Chief, I will reserve my comments on this. It's an operation in progress.' On counter-drone systems, he said that non-contact warfare will stay, and this area of weapons and equipment was not catered to 10-12 years ago. 'It is undeniable that non-contact warfare is going to stay. In it, drones and loitering munitions and therefore, defence against them in terms of counter-drone systems, there is a whole series of weapons and equipment that one had probably not catered for 10-12 years ago,' he said on Thursday. Earlier, Admiral Dinesh Kumar Tripathi, accompanied by Chairman of Solar Industries India Limited, Satyanarayan Nuwal, reviewed the manufacturing processes of various defence products at the firm's headquarters in Nagpur on Thursday. Speaking to ANI, the Navy Chief lauded the products and progress made by Solar Industries India Ltd. He added that there needs to be synergy between the public and private sectors, as the latter is new in defence production. 'It's really eye-opening to see what progress has been made by Solar (Solar Group) in the last 14-15 years. As far as the synergy between the public and private sectors in the defence ecosystem is concerned, it is a must because some public sector companies have been working in this field for many decades, and private companies are relatively new. So there is a need for them to talk to each other, learn from each other,' Admiral Tripathi told ANI. Chairman of Solar Industries India Ltd, Satyanarayan Nuwal, said that they showed the Navy Chief their drones and Unmanned Aerial Systems (UAS). They also showed the navy officials their Counter-Unmanned Aerial System, Bhargavastra. Talking to ANI, Satyanarayan Nuwal said, 'Today, we mainly showed our facility with drones and Unmanned Aerial Systems (UAS). We showed the composite manufacturing unit of UAS. We also showed Bhargavastra (Counter-Unmanned Aerial System) to counter-drone system is a significant present situations, we learned that the biggest need is for long-range missiles. We have already presented a proposal in this regard...' (ANI)
