Nagpur: Solar Group, the Nagpur-based ammunition and commercial explosives manufacturer, is pursuing significant global and domestic expansion. The company has recently commenced operations at its new plant in Kazakhstan and expects to start its facility in Sierra Leone, West Africa, later this year. Another plant in Austria is projected to begin operations in the near term. Additionally, Solar Group has acquired small facilities in Thailand and Indonesia. On the African continent, the company already has units in Tanzania and Nigeria. Having started its Zimbabwe facility, Solar Group is eyeing South Africa as a hub for future expansions.
Global Operations and Domestic Plans
The foreign units are producing commercial explosives used in the mining and infrastructure sectors. Domestically, the company plans to expand closer to consumption centers, with facilities in Odisha, Telangana, and Andhra Pradesh. Through the acquisition of RECL, a commercial explosives company in Dholpur, Rajasthan—now renamed Emu Tek Private Limited—Solar Group aims to expand northward and westward.
Financial Performance and Growth
These details were disclosed by the company's management during an analysts meeting following the declaration of its financial results for the year ending March 2026. The transcripts were part of the disclosure to the stock market. The company reported a profit after tax (PAT) of Rs 1,737 crore for the fiscal year ending March 2026, compared to Rs 1,288 crore in the preceding financial year.
The company stated that it has been expanding facilities at its core plant in Nagpur. However, capacity utilization has increased as it has emerged as a global player. Expanding to other states will bring it closer to consumers in those regions. Eyeing an order book of Rs 14,000 crore for the next year, Solar Group expects the defense business to account for Rs 9,500 crore of that. The defense business has grown from 20% to 33% of total revenue during the year.
