From Financialexpress · FE Business · · 1m
Solar Industries Acquires Explosives Firm for Rs 115 Crore
Solar Industries India's subsidiary buys Sivasakthi Industrial Explosives in Rs 115.02 crore deal to expand explosives business.
In brief
Solar Industries India's subsidiary buys Sivasakthi Industrial Explosives in Rs 115.02 crore deal to expand explosives business. Solar Industries India's subsidiary Solar Explochem acquired Sivasakthi Industrial Explosives for Rs 115.02 crore in an all-cash deal to expand its explosives business. Originally reported…
Acquisition Deal
Solar Industries India's subsidiary Solar Explochem agreed to acquire Sivasakthi Industrial Explosives in an all-cash deal valued at Rs 115.02 crore.
Deal Terms
The acquisition will be settled in cash with completion expected within 12 months and no governmental or regulatory approvals required.
Sivasakthi Financials
Sivasakthi reported nil turnover in 2025-26, Rs 34.99 lakh in 2024-25, and Rs 1.26 crore in 2023-24.
Business Expansion
Solar Industries described the deal as business expansion to grow its explosives business, which it already operates.
No Related Party
The transaction is not a related party transaction, and Solar Industries' promoters have no interest in Sivasakthi.
What to remember
Solar Industries India's subsidiary Solar Explochem acquired Sivasakthi Industrial Explosives for Rs 115.02 crore in an all-cash deal to expand its explosives business.
