Defence project worth Rs. 1,550 Cr to come up in Nagpur

March 29, 2016 5:15 pm

  Industrial explosives and explosive initiating systems manufacturer Solar Industries India Ltd has inked a Memorandum of Understanding (MoU) worth ` 1,550 crore with the Maharashtra government to produce variety of ammunitions for Armed Forces.
This MoU, entered between the company 100 per cent subsidiary Economic Explosives Limited and Government of Maharashtra, was signed during the Make in India Week event in Mumbai. 
Under the partnership, the company will produce variety of ammunitions for Armed Forces. This project will be set-up at Nagpur and is expected to generate direct employment to more than 700 personnel.
The company entered into defence sector four years ago and has commissioned HMX (high melting explosive) plant, composite propellant plant and various other products like pyros and war heads.

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