The $1.35 billion all-cash acquisition will expand Solar Industries' global explosives footprint, strengthen supply chains and add exposure to new international markets
Solar Industries announced that it will acquire South Africa-based Omnia Holdings for approximately $1.355 billion (₹12,951 crore) in an all-cash transaction.
All-cash acquisition will expand Solar Industries' global mining footprint and add Omnia's explosives, blasting solutions and ammonium nitrate capabilities
Solar SA Investments, an indirect wholly-owned subsidiary of Solar Industries, will acquire all outstanding shares of Johannesburg-listed Omnia, subject to regulatory and Omnia shareholder approvals
Solar Industries Share: In the past month, Solar Industries India outperformed the market by surging 16 per cent, compared to a 2.4 per cent decline in the BSE Sensex.
Kotak Institutional Equities said that defence companies are well-positioned to benefit from rising geopolitical tensions, accelerating modernisation programmes and an expanding export opportunity.
The robust sales pipeline, coupled with strong execution capabilities, positions Solar Industries well to sustain growth momentum, believes the management.
Company to expand backward integration with ingot and wafer units, alongside a 6 Gw integrated solar facility in Madhya Pradesh, as it scales clean energy portfolio and new segments
Kunal Kamble, senior technical research analyst at Bonanza, has recommended buying shares of Dynamic Technologies, Chennai Petroleum Corporation, and Solar Industries India today
The US set a 126 per cent preliminary duty on solar imports from India, while the Trump administration set initial duties from 86 per cent to 143 per cent for Indonesia and 81 per cent for Laos
Goldman Sachs highlighted three major tailwinds for the sector, including an 18 per cent Y-o-Y increase in capital procurement in the Union defence budget for FY27, and the proposed India-EU FTA
Stocks to buy from agri, defence ahead of Union Budget: Gaurang Shah of Geojit Investments prefers defence shares such as - Bharat Electronics, Cochin Shipyard, MTAR Technologies and BHEL.
Among sectors, their biggest 'conviction' as regards India is on the defence sector, where Goldman Sachs believes PTC Industries is scores over its peers
ACME Solar has ordered 2 GWh of battery energy storage from Chuzhou Lishen through POSCO and China FAW Group, taking cumulative procurement beyond 5 GWh
