# 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.
- Title: Solar Industries Acquires Explosives Firm for Rs 115 Crore
- Summary: Solar Industries India's subsidiary buys Sivasakthi Industrial Explosives in Rs 115.02 crore deal to expand explosives business. Solar Industries India's…
- Keywords: solar industries india, solar explochem, sivasakthi industrial explosives, rs 115 crore, acquisition, explosives business, business, money, news, Solar, Industries, Acquires
- Source: Financialexpress — https://financialexpress.com/business/industry-solar-industries-arm-to-buy-sivasakthi-industrial-explosives-for-rs-115-crore-4362874
- Author: FE Business
- Published: 2026-10-16T06:02:33+00:00
- Read time: 1 min
- Topics: solar industries india, solar explochem, sivasakthi industrial explosives, rs 115 crore, acquisition, explosives business, business, money, news
## 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.
## Key takeaway

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.