Solar Explosives Receives Letter of Intent from Coal India Ltd

Solar Explosives Ltd has announced that the Company has received Letter of Intent from Coal India Ltd for Rs 1116.34 Million towards supply of Bulk Explosives through Company's fully owned subsidiary Solar Capitals Ltd, to be executed within next l2 Months.

The Company is also expecting to receive Letter of Intent from Coal India Ltd for supply of Permitted explosives to be executed with in next twelve months from the date of its issue.

The stock was trading at Rs.210.80, up by Rs.17.55 or 9.08%. The stock hit an intraday high of Rs.214.90 and low of Rs.192.60. The total traded quantity was 133318 compared to 2 week average of 26780.

Source : Equity Bulls

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