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Solar Industries draws capex of Rs 270 cr for FY20

Monday, 03 Jun 2019
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Solar Industries (SIL) has planned a capital expenditure of Rs 270 crore for FY20, as it expects the demand for its commercial explosives from the industrial and defence sectors to rise.

The company has a total order book of Rs 1,100 crore, including Rs 400 crore in defence. The company has outlined the investments equally across domestic, overseas and defence business segments.

The total working capital requirement grew from Rs 230 crore in FY18 to Rs 360 crore in FY19. The overseas working capital has increased by Rs 116 crore.

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