Shares of Solar Industries India Ltd renounced from its day low of Rs 13,651 on Tuesday, 18 November after the company announced securing export orders worth Rs 1,400 crore for defense items, bolstering its global defense portfolio.

The supply will be carried out over a four-year period, representing one of the company’s greatest long-term export commitments in the segment.

The deal is likely to help raise awareness for its defence vertical, which has been a significant growth driver in recent quarters.

The fresh export orders come at a time when the corporation has been suggesting an increase in its defence business. Solar Industries stated earlier this month that, based on its current order book, it is confident in fulfilling its FY26 projection, with the current quarter representing a “new growth phase” for defense.

In the first half of FY26, the defense business achieved revenue of Rs 900 crore, up 57% year-on-year. This accounts for roughly one-third of the firm’s full-year projection of Rs 3,000 crore.

The September quarter performance demonstrated momentum across its entire business. Net profit increased by 20.6% year on year to Rs 345 crore, while revenue increased by 21.4% to Rs 2,082 crore. Total H1 revenue was Rs 4,237 crore, or 42% of the FY26 estimate of Rs 10,000 crore.

At 3:30 pm, the shares of Solar Industries closed 1.01% lower at Rs 13,770 on NSE.

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