Valued at a little over ₹296 crore, the new assignment is a consultancy contract tied to redevelopment work across parts of Meerut, Uttar Pradesh.
As of 2:30 PM on Monday, Solar Industries shares were trading 0.42% higher at ₹17,067 apiece.
The company plans to execute the contract within a period of 29 months from the date of award.
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The order is expected to be fulfilled within 12 months, offering a much-needed boost to the drone maker, which has been under pressure due to weak financial performance in recent quarters.
The development includes expansive green spaces, sunlit terraces, and a 1.5 lakh sq. ft. clubhouse designed to accommodate wellness, leisure, work, and social activities under one roof.
The lifestyle brands contribute around 85% of ABLBL’s total revenue, making it a dominant player in the premium casual and formal wear segment in India.
The development follows Zen’s decision to acquire a majority stake in TISA Aerospace Pvt. Ltd. for ₹6.56 crore, marking its formal entry into the UAV and loitering munitions market.

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