1 week ago

Pinaka Growth Opens Major Rocket Artillery Opportunity for Solar

Pinaka is an Indian rocket launcher system used by the Army.

It can fire many rockets quickly and then move away to avoid enemy attacks.

Different versions can hit targets at distances from about 40 to 75 kilometres.

Some versions are unguided, while another uses GPS to improve accuracy.

Solar Industries makes Pinaka rockets and has special rights to produce some versions.

The company has received a large share of recent ammunition orders.

It has also sent guided Pinaka rockets to Armenia.

Analysts think future Indian Army orders and exports could make Pinaka an important source of growth for Solar.

Newer versions could create even more business over many years.

Key facts

Projected Pinaka revenue: More than Rs 60 billion for Solar Industries between 2026 and 2030.
Technology-transfer position: Solar, through Economic Explosives, is the only private company reported to have manufacturing capability for Pinaka Mk1 Enhanced and ADM.
February 2025 order: The Ministry of Defence placed a Rs 102 billion order for high-explosive ammunition and ADM.
Solar’s order share: Solar secured 60 percent of the February 2025 order, valued at about Rs 61 billion.
Pinaka range: Reported ranges extend from 38-40 kilometres for Mk1 to 65-75 kilometres for guided Mk2.
Export outlook: Analysts estimate about Rs 10 billion a year in Pinaka export revenue for Solar during 2026-2030.
Long-term Mk2 opportunity: A 10-regiment Mk2 or Guided Pinaka requirement could involve about 20,000 rockets and roughly Rs 136 billion in total revenue opportunity.

financialexpress.com · 1 week ago