Tag: Solar Industries India Ltd
Solar Industries India said that it has issued Commercial Paper worth Rs 25 crore on December 26, 2016, in favour of ICICI Bank.
“In terms of the guidelines issued by Reserve Bank of India, the Company has issued commercial paper for an aggregate amount of Rs. 25 crores on December 26, 2016 in favor of ICICI Bank Limited,” the company said in a filing to the Bombay Stock Exchange.
These commercial papers have maturity date of March 17, 2017, the filing added.
Solar Industries India has grown to become India’s largest manufacturer of Industrial explosives and Explosive initiating systems and spreading its presence to Global Markets.
Meanwhile, shares of the company closed trading at Rs 660 apiece, down 0.25 per cent from the previous close on BSE.
Solar Industries India Ltd on Friday said that it has secured Rs 443.44 crore order from Singareni Collieries Company Ltd (SCCL) for supply of 1,63,911.20 MT explosives.
“The company has bagged an order from Singareni Collieries Company Limited (SCCL) for the supply of 163911.20 MT explosives worth Rs 443.44 crore for the financial year 2016-17 and 2017-18,” Solar Industries India Ltd said in a filing to the Bombay Stock Exchange on June 10, 2016.
The company manufactures and supplies commercial explosives and explosive accessories in India, Zambia, Nigeria, and internationally.
Meanwhile, shares of the company were trading at Rs 3,220 apiece, up 4.47 per cent, from previous close on BSE at 11:53 hours.