The two firms will bid jointly
for a forthcoming multi-billion dollar Indian tender to manufacture artillery
propellants
By Ajai Shukla
Business Standard, 20th June 18
On Tuesday, Solar Industries India Ltd
(hereafter Solar), one of India’s fastest growing companies in defence
manufacturing, announced a strategic tie-up with EURENCO – the European leader
in high-energy materials – for explosives and propellant technologies.
Announcing the partnership at the
EUROSATORY 2018 defence exhibition near Paris, the two firms said they would bid
jointly for a forthcoming multi-billion dollar Indian tender to manufacture
artillery propellants, called the bi-modular charge system (BMCS).
“We have built a
strong relationship with Eurenco and are working on a collaborative approach to
set up infrastructure facilities under the 'Make in India' program of the
Government of India to fulfill the needs of the Indian Army”, said Solar’s
chief executive, Manish Nuwal.
The Nagpur-headquartered Solar, India’s largest manufacturer and
exporter of explosives and initiating systems, is highly regarded by the defence
ministry. In January, Defence Minister Nirmala Sitharaman handed it technology
to manufacture solid propellant boosters for the Indo-Russian BrahMos cruise
missile – a favour normally bestowed only on defence public sector undertakings
(DPSUs).
Solar’s ambitious
growth plans in the defence sector rest on the military’s increasing
requirement of ammunition and propellants. Besides needing to make up a large
shortfall in war reserve ammunition stocks, the military requires warhead
explosives and propellants for indigenous weaponry like the Pinaka rocket
launcher, the Akash, Nag, Astra, BrahMos and LR-SAM missiles, indigenous
artillery guns like the Dhanush and the Advanced Towed Artillery Gun System
(ATAGS), and a range of new artillery gun systems entering service, such as the
M777 ultra-light howitzer.
India currently
imports 35 solid propellant boosters annually for the BrahMos cruise missile.
In addition, the IAF will be inducting large numbers of BrahMos as an
air-launched cruise mssile (ALCM), mounted on the Sukhoi-30MKI fighter. Solar
would benefit directly from these orders.
In July 2016, Eurenco and Solar signed a
preliminary agreement to “evaluate various cooperation options”. On Tuesday, that
was translated into a “strategic partnership” for supplying “propellants,
bombs, ammunition filling and modular charges technologies under the ‘Make in
India’ policy for the private sector”, according to a Solar press release.
“This partnership
agreement is at the heart of our strategy in India which is today one of the
key markets that we aim for as part of our global export policy in Asia”, said
EURENCO chief, Dominique Guillet.
Solar said today it “is willing to build
dedicated infrastructure facilities with the technical assistance of EURENCO on
its explosives and propellant facilities in Nagpur, India.”
Besides Nagpur, Solar manufactures at 24 locations in India and six locations abroad –
in South Africa, Turkey, Zambia, Nigeria, Australia and Ghana – for a
significant portfolio of American and European customers.
Since it was
established in 1995, Solar has built facilities to produce sophisticated,
military-grade explosives such as HMX, RDX and TNT. Solar also builds composite
propellants, rockets, warheads, mines, tank ammunition, bombs and electronic fuzes.
Besides serving defence requirements, Solar
also manufactures explosives for the mining and infrastructure sectors, serving Coal India Limited, Singareni
Collieries, Vedanta, Reliance, Jindal and other companies.
Nice article. But Nowadays all articles are only about the Business of Defence.
ReplyDeleteThis is broadsword,not Business Standard. Thats why I come here.