The company "Solar Explosives Limited" was incorporated in the year 1995 by Mr.Satyanarayan Nuwal, Nandlal Nuwal and Kailashchandra Nuwal. The journey of "Solar" Group started in the year 1984 when a proprietary firm Solar Explosives was formed by Mr.Satyanarayan Nuwal for trading in Explosives . In this year one of the , then largest Indian Explosive manufacturing company awarded its first consignment agency to Solar Explosives. In the year 1985 Economic Explosives another proprietary firm was formed at Sholapur for trading of Explosives and Accessories made by companies other companies. During the year 1991, they became one of the largest dealers of detonators and Explosives manufactured by other reputed companies. By the year 1996, Solar established an effective trade network as well as Institutional market. Banking on strong marketing network and manufacturing experience gained in Solar Carbons the Group entered into manufacturing of Explosives by incorporating Solar Explosives Limited at Nagpur in the year 1996. In 1997 the promoters started manufacturing Detonators under Economic Explosives Limited. Also in 1997 the promoters started manufacturing non Explosive component required for manufacturing detonators under Solar Components Private Limited. In the year 2000 the promoters under Solar Capitals Limited started manufacturing of Bulk Explosives. In September 2005, Solar Explosives Limited acquired all the shares from the promoters of Economic Explosives Limited, Solar Capitals Limited and Solar Component Limited by swapping their holding with the shares of Solar Explosives Limited to make the three companies its wholly owned subsidiary. Year Key Events, Milestones and Achievements 1984 Solar Explosives started trading of Explosives and Accessories at Chandrapur and received consignment agency from leading manufacturing company. 1985 Established Economic Explosives at Sholapur for trading of Explosives and Accessories made by various companies. 1996 Solar Explosives Limited started production with License capacity of 6000MT. 1997 Incorporation and Commencement of Solar Component Private Limited. 1998 Economic Explosives Limited started production with License capacity of 30 Mn.Nos Detonators. 2000 Started Bulk Plant of Solar Capitals Limited in Waidhan with capacity 6000MT. 2001 Imported first Kartridge Pack Machine from USA for cartridge Explosives. Started Bulk Plant of Solar Capitals Limited in Chandrapur with capacity of 7750MT. 2004 Imported the first of its kind high efficiency Cartridge Pack Machine Introduction of PETN in Solar Explosives Limited. Introduction of Cast Boasters in Solar Explosives Limited. Executed the first export order of Solar Explosives Limited. 2005 Started Production at Solar Capitals Limited Korba with license of 6000MT. Product of Solar Explosive Limited well accepted in the Export market and executed order worth 10 times of the last years order. 2006 -Solar Explosives Ltd has informed that the following Directors have resigned from the Board. 1. Mr. Manish Nuwal (Resigned as Executive Director). 2. Mr. J F Salve (resigned as Independent Director). 2009 -Company name has been changed from Solar Explosives Ltd to Solar Industries India Ltd. 2010 -Solar Industries India has recommended 35% Final Dividend 2011 -Solar Industries has approved the Final Dividend of 40% 2012 -Solar Industries has recommended the Final Dividend of 50% 2013 - The Company has recommended the Final Dividend of 60% i.e. Rs. 6 per share on equity share of Rs. 10 each. 2014 - The Company has recommended a Final Dividend of Rs. 7 per Equity Share. 2015 -Solar products and services have successfully captured the needs and expectations of its valuable customers in India and abroad 2016 -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. 2017 - Solar Industries India bagged a Rs 1,143-crore contract from Coal India for supply of bulk explosives. 2018 - Solar Industries India Ltd partners Eurenco for major artillery tender 2023 -Solar Ranked among the Top 5 global explosives companies. -Solar became the first Private Sector company to deliver 100% indigenous 30mm ammunition to the Indian Navy. 2024 -Indian Navy successfully tests indigenously developed explosives.