Economic Explosives Limited, a part of Solar Group of Industries, has signed an MoU with Maharashtra government to establish an Anchor Mega Project.

This initiative reinforces EEL’s commitment to advancing nation’s capabilities in critical sectors such as defence and aerospace.

Having nearly completed its earlier Mega Project under the “Aerospace and Defence Policy of Maharashtra 2018,” with a total investment of Rs 1,350 crores (Rs 800 crores already invested as of December 2024), this new MoU signifies the company’s strategic intent to enhance its production capacities and introduce additional high-demand products in alignment with the Government of India’s initiatives for self-sufficiency in critical defence products

The new Anchor Mega Project entails an estimated investment of Rs 12,780 crores and falls under the “Thrust Sector Incentive Scheme” of the Government of Maharashtra in the “Defence and Aerospace” category