Solar Industries signs MoU with Maharashtra to set up Nagpur plant - Feedback

Industrial explosives manufacturer Solar Industries India has signed a pact with the Maharashtra government to set up a facility in Nagpur with an investment of Rs 1,550 crore to manufacture ammunition for Armed Forces.

The memorandum of understanding (MoU) was formalised by the company through its 100-per cent subsidiary Economic Explosives during the ongoing Make in India week here. The project will come up in Nagpur, a relatively industry-deficit area of the Vidarbha region, and will generate more than 700 direct jobs. “This association will go a long way in addressing the hollowness of ammunition being faced by the Indian Armed Forces,” Chairman Satyanarayan Nuwal said.

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