Over the course of three years, shares of Solar Industries India have experienced a significant surge, escalating from ₹1,083 per share to ₹6,875 per share, translating into an impressive 535% return for investors.
In FY 2022-23, the Ministry of Defence reported that defence exports soared to nearly Rs 16,000 crore, marking a substantial increase of nearly Rs 3,000 crore from the prior fiscal year. This surge signifies a remarkable tenfold rise since 2016-17, showcasing India s significant stride towards transforming from a net importer to a significant net exporter in the defence sector.
India's defence exports are expected to touch Rs 24,000 crore by the end of FY24, according to Union Finance Minister Nirmala Sitharaman. Find out more about India's growing defence exports and the government's initiatives to boost the sector.
The year 2023 was a landmark year for the Ministry of Defence as it witnessed defence exports reaching an all-time high almost Rs 3,000 crore more than the previous financial year and defence productions crossing the figure of Rs one lakh crore for the first time.