Nagpur: Solar Industries India Ltd., the nation’s largest manufacturer and exporter of commercial explosives and explosives initiating systems, has bagged orders worth Rs. 1144 cr from Coal India Ltd.
Solar Industries won Coal India’s recently concluded tender for supplying 375,412 MT Bulk Explosives to the subsidiaries of Coal India Ltd. amounting to Rs. 1143.63 cr. The order is to be executed between Nov 1, 2017 and Oct 31, 2019. The share of Solar Industries in the tendered quantity was 28% in the previous order, which has now increased to 36%.
Commenting on the development, Mr. Roomie Dara Vakil, Executive Director, Solar Industries India Limited said, “We are glad to receive orders from Coal India Ltd., which is the world’s largest consumer of explosives in India. This is the biggest order we have received recently. We are confident that we will execute the orders within the stipulated period.
The running contract is valid for two years and Solar Industries will be supplying 182,204 MT bulk explosives (worth Rs. 555.52cr) till 2018 and the rest 193,208 MT (worth Rs. 588.11cr) will be supplied till 2019.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
“India needs at least 1000 qualified actuaries in the near future”, IRDAI Chairman
Savills India Bags Certification by Great Place to Work®
ETO Motors enables Clean, efficient first and the last mile Connectivity to passengers using Delhi Metro
IESA’s Vision Summit 2020 #VS2020 to focus on Intelligent Electronics as a key enabler to $5Tn economy
Music industry leaders join hands for a national water movement
2014 The Global Indian New Network (TGINN)